Argentina's Economy Shrinks for Third Straight Quarter 1 234 567

Argentina's Economy Shrinks for Third Straight Quarter

voanews.com

Argentina said on Thursday the economy shrank 2.1 percent in the second quarter from the first quarter of 2016, as the country remained mired in recession during the first year of President Mauricio Macri's administration.

Compared with the same quarter of 2015, gross domestic product shrank 3.4 percent in the April-to-June period, the first quarter of year-on-year contraction since at least 2015.

The government expects a return to annual growth in 2017.

Year-over-year declines...

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