During the fourth quarter of 2017, the Argentinian economy recorded an acceleration of 0.15 p.p. in its year-over-year growth rate in comparison with the previous quarter, standing at 3.95%. The y/y growth rate of domestic demand increased 1.24 p.p. to 9.06%. Regarding the labor market, the unemployment rate went down compared to the third quarter of 2017, reaching 7.20%, and the year-over-year growth rate of employment accelerated 0.74 p.p., standing at 2.63%. The Argentinian peso depreciated against the US dollar, registering an exchange rate of 17.55 $/USD. Lastly, the inflation stood at 22.28%.
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