During the second quarter of 2019, the Argentine economy began to grow, registering a year-over-year rate of 0.60%, which was 6.37 p.p. faster than in the previous quarter. This was due to the behavior of external demand, after the acceleration of exports. In the labor market, the unemployment rate rose 0.50 p.p. from the previous quarter to 10.60%, while the year-over-year growth rate of employment rose 0.33 p.p. from the previous quarter to -1.46%. In terms of prices, inflation stood at 55.90%, following an acceleration of 4.13 p.p. from the previous quarter. Finally, the Argentine peso depreciated to 43.99 pesos per dollar.
For more information, click here to access the executive document in pdf (only avalaible in Spanish).
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