During the fourth quarter of 2019, the Argentine economy registered a smaller deceleration, registering a year-over-year rate of -1.14%. This was due to a slower fall in the domestic demand. In the labor market, the unemployment rate fell 0.80 p.p. from the previous quarter to 8.90%, while the year-over-year growth rate of employment rose 0.40 p.p. from the previous quarter to -0.26%. In terms of prices, inflation stood at 51.33%, following a deceleration of 1.97 p.p. from the previous quarter. Finally, the Argentine peso depreciated to 59.38 pesos per dollar.
For more information, click here to access the executive document in pdf (only avalaible in Spanish).
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