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Argentina's economic activity fell 6.8% year-on-year in March 2019, a steeper drop than the 4.8% decline in February, according to statistics agency Indec. Consultancy Ecolatina cited forex volatility, higher inflation and higher interest rates as drivers, and expects a better second quarter supported by strong agricultural output.
A weakening domestic economy reduces local demand for goods and feed, while stronger farm output in the second quarter could support Argentine grain and oilseed supply.
bnamericas.comMay 23, 2019Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
