
Argentine economy contracts in January
Argentina's economy shrank 1.8% year-on-year in January, statistics agency Indec said.
Compared with December, activity dropped 0.1%.
The biggest fall was in the fishing sector, which contracted 40.3% on an annual basis. Construction dropped 13.7%
Mining and utilities registered growth of 0.2% and 4.4%, respectively.
Argentina’s economy is expected to remain in recession this year. It contracted 2.2% in 2019.
A national lockdown, implemented in March and due to last until at least 12 April to stem the spread of the coronavirus and save lives, will dent economic activity figures for both months and possibly beyond.
Rating agency S&P expects Argentina to emerge from recession in 2021. Growth would be partly driven by a favorable base effect.
Argentina’s government is in the midst of debt restructuring talks with private bondholders. Resolving the debt situation is seen as vital to efforts to restore confidence in the bruised economy.
Subscribe to the most trusted business intelligence platform in Latin America. Let us show you our solutions for Suppliers, Contractors, Operators, Government, Legal, Financial and Insurance.
News in: Political Risk & Macro (Argentina)

Wintershall DEA shifts focus on LatAm operations to Mexico
The company's attention is turning to Mexico and natural gas production, as it resets its strategy for Latin America, pulling out of Brazil and oth...
Argentina-IMF talks: For investors, it’s ‘logical to wait and see’
BNamericas talks to Argentine financial services analyst Marcelo Bastante about dealmaking, corporate finance and the country’s debt negotiations w...
Subscribe to Latin America’s most trusted business intelligence platform.
Other projects
Get key information on thousands of projects in Latin America, from current stage, to capex, related companies, key contacts and more.
- Project: Lines 8 (Diamante) and 9 (Esmeralda) of the São Paulo Metropolitan Transportation Network (São Paulo Metro)
- Current stage:
- Updated:
3 days ago
- Project: Osorno hydro plant
- Current stage:
- Updated:
3 days ago
- Project: Borinquen II geothermal plant
- Current stage:
- Updated:
3 days ago
- Project: Vizcachitas
- Current stage:
- Updated:
2 days ago
- Project: Oro y Cielo solar photovoltaic plant
- Current stage:
- Updated:
3 days ago
- Project: Ventos de São Januário 16 wind farm (Babilônia Sul wind complex)
- Current stage:
- Updated:
2 days ago
- Project: Vermelho
- Current stage:
- Updated:
2 days ago
- Project: Jerusalém VI wind farm (Jerusalém wind complex)
- Current stage:
- Updated:
2 days ago
- Project: Jerusalém V wind farm (Jerusalém wind complex)
- Current stage:
- Updated:
3 days ago
- Project: Jerusalém IV wind farm (Jerusalém wind complex)
- Current stage:
- Updated:
3 days ago
Other companies
Get key information on thousands of companies in Latin America, from projects, to contacts, shareholders, related news and more.
- Company: Federación Patronal Seguros S.A.  (Federación Patronal)
-
Federación Patroncal de Seguros is Argentina's second largest car insurer. In addition to car insurance, the company offers civil responsibility coverage for company owners to c...
- Company: Estudios y Consultorías Focus
- Company: DUAL International Ltd  (DUAL)
-
The Dual Group is the largest global underwriting agency in the world operating from 24 offices in 12 countries. The company is part of the Hyperion Insurance Group. It provides...
- Company: Ministère des Relations Internationales et de la Francophonie du Québec  (MRIF)
-
The Ministry of International Relations of Quebec was born in 1967 under the title of Ministry of Intergovernmental Affairs. The Ministry executes Quebec's international policy,...
- Company: Siderúrgica Norte Brasil S.A.  (Sinobras)
-
Sinobras is a Brazilian steel manufacturer located in Marabá, in northeastern Pará state. The company began operations in September 2008 and has capacity to produce 300,000t/y o...
- Company: IBT Group, LLC  (IBT Group)
-
IBT Group LLC, controlled by the Spanish firm Eurofinsa S.A., was incorporated in Miami in 2002 to build, equip, and exploit public works and concessions in Latin America, where...
- Company: Hauraton Iberia S.L.  (Hauraton Iberia)
-
Hauraton Iberia is the subsidiary for Spain of Hauraton, a company specializing in drainage solutions. Hauraton offers drainage solutions for civil engineering, drainage for dom...
- Company: Cielo S.A.  (Cielo)
-
Brazil's largest credit card processor Cielo offers electronic payment products and services, innovative solutions in complementary segments, and capturing, transmission, proces...
- Company: Apiros S.A.S  (Apiros)