Argentina economic activity seen plunging 6% in February- Reuters poll
BUENOS AIRES - Argentina's economic activity likely plunged 5.9% year-on-year in February, a Reuters poll of market analysts showed on Monday, which would make a fourth straight monthly slide amid tough austerity measures under new libertarian President Javier Milei.
"Agriculture - helped by a low comparison base - and mining showed healthy growth rates, while sectors such as commerce, industry and construction are in strong contractionary phases," said consulting firm Orlando Ferreres & Asociados. Pablo Besmedrisnik, economist and director of consulting firm Invenómica, said private consumption would remain weak, which along with a slide in state spending would weigh on activity in the months ahead.
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