07 Nov 2018
by Pavel Isa and Fabricio Gomez
Economic activity grew 7.3% in Q3, from Q3 2017, and cumulative 2018 growth to September was 6.9%. These are extraordinary figures that surprised even the most optimistic observers. Inflation remained very low in September, up 0.08% from August, while accumulated January-September inflation was 1.52%, and y/y inflation 3.29%, below the 4% inflation target.
News on the external front is also relatively positive. Export dynamism offset the impact of the oil price rise. Exports January-September grew 10.6% from January-September 2017, to $8.27 billion. Domestic exports grew 9.9% and those f...