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Argentina's economy continues to grow

Argentina's economy continues to grow

Argentinas GDP is expected to continue its upward trajectory when official statistics are revealed on Friday.

A poll of 10 economists by Dow Jones Newswires revealed that the average estimated growth for the Argentine economy in the second quarter to be 7.8%, one of the highest rates in the Americas. Even conservative estimates from Morgan Stanley still put growth at an impressive 5.9%.

According to Marketwatch.com this remarkable growth can be attributed to ample government spending, good prices for its exports and double-digit wage hikes that have allowed many consumers to weather inflation.

Indec, the National Statistics and Census Institute, will release its official figures at 3pm EDT on Friday.

Added on 16 September

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