Argentine economic activity plunges amid austerity drive

BUENOS AIRES — Argentina’s economic activity continued to plummet in March, with the construction and manufacturing industries leading the slowdown as President Javier Milei’s government slashes spending, official figures showed Wednesday. The national statistics agency, INDEC, said economic activity had slowed 8.4 percent year-on-year in March —the biggest such interannual change since the Covid pandemic.
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