logo |

News

    Home   >     Industry    >     Main body

    WikiFX Express
    Previous Post： UK parliament to vote on PM May's Brexit deal Feb. 13: Sky News Next： New Zealand Dollar Gains on RBNZ, But NZD/USD May Follow S&P 500 Lower

    Argentinas Economy Slumps 16.2%, Narrowly Beating Forecasts

    WikiFX   |   2020/9/22 20:56:23
    Abstract：Argentina‘s economy posted its sharpest quarterly contraction in recent history, though still narrowly beat economists’ forecasts.

    　　Argentina‘s economy posted its sharpest quarterly contraction in recent history, though still narrowly beat economists’ forecasts.

    　　Economic activity declined 16.2% in the second quarter compared to the first, reflecting the full impact of a nationwide Covid-19 lockdown implemented in late March. Economists had forecast a 16.6% quarterly decline.

    　　From a year ago, economic activity dropped 19.1% in the quarter, the largest drop since at least 2004. Investment fell nearly 40% from a year earlier.

    　　{8}

    　　ARGENTINA REACT: 2Q Growth Plunge Sends Economy Back 15 Years

    　　{8}

    　　Argentina‘s recession is stretching into its third year now, with double-digit unemployment and inflation over 40%. President Alberto Fernandez has significantly increased spending to stimulate the economy, despite having no access to credit markets following the nation’s ninth default. Argentina emerged from default earlier in September.

    　　Although activity continues to rebound from its low point in April, Argentina‘s outlook remains dire. Economists polled by the central bank see a 12% economic decline this year, on pace for the worst one-year drop on record. Fernandez’s government recently tightened currency controls and hasnt spelled out an economic plan yet.

    Latest News

    Exchange Rate

    New Zealand Dollar

    • United Arab Emirates Dirham
    • Australia Dollar
    • Canadian Dollar
    • Swiss Franc
    • Chinese Yuan
    • Danish Krone
    • Euro
    • British Pound
    • Hong Kong Dollar
    • Hungarian Forint
    • Japanese Yen
    • South Korean Won
    • Mexican Peso
    • Malaysian Ringgit
    • Norwegian Krone
    • New Zealand Dollar
    • Polish Zloty
    • Russian Ruble
    • Saudi Arabian Riyal
    • Swedish Krona
    • Singapore Dollar
    • Thai Baht
    • Turkish Lira
    • United States Dollar
    • South African Rand

    United States Dollar

    • United Arab Emirates Dirham
    • Australia Dollar
    • Canadian Dollar
    • Swiss Franc
    • Chinese Yuan
    • Danish Krone
    • Euro
    • British Pound
    • Hong Kong Dollar
    • Hungarian Forint
    • Japanese Yen
    • South Korean Won
    • Mexican Peso
    • Malaysian Ringgit
    • Norwegian Krone
    • New Zealand Dollar
    • Polish Zloty
    • Russian Ruble
    • Saudi Arabian Riyal
    • Swedish Krona
    • Singapore Dollar
    • Thai Baht
    • Turkish Lira
    • United States Dollar
    • South African Rand
    Current Rate  ：
    --
    Amount
    New Zealand Dollar
    Available
    -- United States Dollar

    You may also like

    Select Country/Area

    About Us| Risk Warning| Terms of Use| Privacy Policy| Search call| Official Verification

    You are visiting the website of WikiFX. In addition, its website and mobile product—WikiFX, is a global inquiry tool for enterprise profile that is operated by Wiki Co., LIMITED (Registration No.2806237) based in Hong Kong Special Administrative Region of China. Users should comply with the law of their countries/regions.

    Feedback WeChat:wikifx02, fxeye003

    Customer Service Phone Number：（中）4006888219;（En）+86 17126630052;（HK）+00852 54200870

    Copyright©2020 Cipher Group Limited All rights reserved.

    License or other information error correction, please send the information to:QA@wikifx.com;

    Cooperation:AD@wikifx.com

    Risk Warning

    The Database of WikiFX comes from the official regulatory authorities , such as the FCA, ASIC, etc. The published content is also based on fairness, objectivity and fact. WikiFX doesn't ask for PR fees, advertising fees, ranking fees, data cleaning fees and other illogical fees. WikiFX will do its utmost to maintain the consistency and synchronization of database with authoritative data sources such as regulatory authorities, but does not guarantee the data to be up to date consistently.

    Given the complexity of forex industry, some brokers are issued legal licenses by cheating regulation institutes. If the data published by WikiFX are not in accordance with the fact, please click "Complaints "and "Correction" to inform us. We will check immediately and release the results.

    Foreign exchange, precious metals and over-the-counter (OTC) contracts are leveraged products, which have high risks and may lead to losses of your investment principal. Please invest rationally.

    Special Note, the content of the Wikifx site is for information purposes only and should not be construed as investment advice. The Forex broker is chosen by the client. The client understands and takes into account all risks arising with Forex trading is not relevant with WikiFX, the client should bear full responsibility for their consequences.