(Bloomberg) — Argentina’s economy posted a slight contraction in November amid a volatile runoff election that handed a victory to President Javier Milei, who warned of a long period of stagflation as he implements shock therapy to narrow the yawning deficit. Most Read from Bloomberg Economic activity in November fell 1.4% from October, according to […]
Tag: contraction
China Dec factory contraction deepens, more stimulus on the cards
BEIJING (Reuters) – China’s manufacturing activity shrank for a third straight month in December and weakened more than expected, clouding the outlook for the country’s economic recovery and raising the case for fresh stimulus measures in the new year. The government has in recent months introduced a series of policies to shore up a feeble […]