More than 6% Growth in Industrial Output in 2021 expected by Argentina

Argentina Minister of Development and Production Matias Kulfas has said that Argentina expects a 6% growth in industrial output in 2021. 

He said he expected Argentina’s economy as a whole to expand 5% to 6% during the year, based on preliminary data and depending on how the novel coronavirus evolves and its impact on growth. The latest poll of economists by the central bank showed expectations of 6.2% economic growth in 2021. The economy contracted 10% last year. 

“The change in industrial policy has allowed growth in production and employment at rates above the pre-pandemic period,” Kulfas told reporters during a trip to a Toyota <7203.T> automobile plant in Buenos Aires. 

Photo Credit : https://en.wikipedia.org/wiki/Mat%C3%ADas_Kulfas#/media/File:Mat%C3%ADas_Kulfas_2020.jpg