Argentina's economy shrank 1.9% in Q4 2022, marking a full year of negative growth and a 1.4% contraction year-over-year.

Argentina's economy shrank 1.9% in Q4 2022 compared to the previous quarter, marking a full year of negative growth. The economy also contracted 1.4% year-over-year. GDP declines were driven by falling manufacturing and utilities sectors. Argentina's new government, led by President Javier Milei, is attempting to combat inflation and deficit with austerity measures, including spending cuts.

March 20, 2024
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