Industrial production down 14.7% in Argentina – Economy



In decline since the last quarter of last year, Argentina on Tuesday, 5, showing the economic crisis become even more deeper. A business output in the country 14.7% fell in December compared to the same month of the previous year, according to data from the National Institute of Statistics and Accounts (Indec). The eighth month of constant decline and the worst result of the department under the government of Mauricio Macri. In the year, the ceilidh industry collected by 5%South Westerly

The department's output in December is also worse than expected by audits with Commercial Economics, which expected a 7.6% reduction.

Argentineil's statistical group said Tuesday that the construction fell by 20.5% in December compared to the same month in 2017. In the country, the construction section inside the business does not account, as it does & In Brazil.

In the year, however, a 0.8% advanced acquisition, led by the results of the first months of 2018, when the upgrades were almost 20%. Construction, especially public works, has been a major driver in the growth of the Argentine economy in 2017, when GDP increased by 2.9%.

Shortly after presenting this product, however, the country began to lose its loss, with the rate-rate increase in the United States – which led to US deposits more profitable and the countries that was a emerging, so interesting. Poor tax and tax yields on financial investments made by foreigners contributed to the situation that led to the rescue of Argentina from Argentina. The result of all this is a reduction of the 50% Demonstration piece and an inflation of 47.6% per annum, as well as projections of a 2.5% GDP drop in 2018 .

By 2019, economists have estimated that there is another decline for Argentine GDP, which should be between -1% and -1.5%.

Brazil

The weak performance of the country's rural economy began to be damaging Brazil at the end of the past year. In the quarter quarter of 2018, Brazilian business fell 1.1% compared to the same period of the previous year, largely due to the decline in export to Argentina. Sales from their automotive industry sold 48.1% in December compared to the same month in 2017.

Based on this data, and in particular due to the lack of funding for the development of the Argentine economy, Brazil's Economics Institute of Get Foundation Vargas (Ibre / FGV) has made renewable projections to grow Brazil's business -year. In December, Ibre was a 2.5% increase for the region. It now has 1.8% expectations.


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