{"id":2347,"date":"2018-09-19T22:13:31","date_gmt":"2018-09-19T22:13:31","guid":{"rendered":"http:\/\/www.styledeals.co.uk\/blog\/argentine-gdp-in-steepest-fall-since-2014\/"},"modified":"2018-09-19T22:13:31","modified_gmt":"2018-09-19T22:13:31","slug":"argentine-gdp-in-steepest-fall-since-2014","status":"publish","type":"post","link":"https:\/\/www.styledeals.co.uk\/blog\/argentine-gdp-in-steepest-fall-since-2014\/","title":{"rendered":"Argentine GDP in steepest fall since 2014"},"content":{"rendered":"\n
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\"AImage copyright<\/span>
\n AFP<\/span><\/p>\n

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Image caption<\/span>
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\n Argentina’s agricultural sector has been hit by drought
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\n <\/figcaption><\/figure>\n

Argentina’s economy shrank by 4.2% in the second quarter, its sharpest year-on-year slowdown since 2014.<\/p>\n

The decline was accompanied by a steep fall in exports, after a drought hurt the country’s agricultural sector.<\/p>\n

The contraction also came amid a currency crisis that has prompted the central bank to raise interest rates to 60% and the government to cut spending.<\/p>\n

The country has also requested a bailout from the International Monetary Fund (IMF).<\/p>\n

President Mauricio Macri last month asked the IMF to speed up the funding.<\/p>\n

He cited in part the deteriorating economy, which has exacerbated the government’s financial situation and raised doubts about its ability to meet its financial commitments.<\/p>\n

A government official this week predicted that the country’s gross domestic product would fall by 2.4% this year.<\/p>\n

The 4.2% decline in the April-to-June period followed six consecutive quarters of year-on-year GDP growth, according to the Instituto Nacional de Estadistica y Censos<\/a> . <\/p>\n

It matched a 4.2% contraction in the third quarter of 2014.<\/p>\n

Exports dropped by more than 14% from the first three months of the year, Indec’s seasonally adjusted figures showed. Private consumption also declined by about 1%.<\/p>\n<\/p><\/div>\n


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Source<\/a> by [author_name]<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Image copyright AFP Image caption Argentina’s agricultural sector has been hit by drought Argentina’s economy shrank by 4.2% in the second quarter, its sharpest year-on-year slowdown since 2014. The decline was accompanied by a steep fall in exports, after a drought hurt the country’s agricultural sector. The contraction also came amid a currency crisis that … <\/p>\n","protected":false},"author":0,"featured_media":2348,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-2347","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general"],"_links":{"self":[{"href":"https:\/\/www.styledeals.co.uk\/blog\/wp-json\/wp\/v2\/posts\/2347","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.styledeals.co.uk\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.styledeals.co.uk\/blog\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/www.styledeals.co.uk\/blog\/wp-json\/wp\/v2\/comments?post=2347"}],"version-history":[{"count":0,"href":"https:\/\/www.styledeals.co.uk\/blog\/wp-json\/wp\/v2\/posts\/2347\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.styledeals.co.uk\/blog\/wp-json\/wp\/v2\/media\/2348"}],"wp:attachment":[{"href":"https:\/\/www.styledeals.co.uk\/blog\/wp-json\/wp\/v2\/media?parent=2347"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.styledeals.co.uk\/blog\/wp-json\/wp\/v2\/categories?post=2347"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.styledeals.co.uk\/blog\/wp-json\/wp\/v2\/tags?post=2347"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}