Argentine Prez upbeat about post-Covid economic growth, job recovery

Argentine Prez upbeat about post-Covid economic growth, job recovery

Buenos Aires, April 29 (IANS) Argentine President Alberto Fernandez expressed confidence in his country’s economic prospects after the Covid-19 pandemic, saying economic growth is very strong, employment recovery is real and consumption is growing.

“We have a very well-defined economic program, with production as one of our targets, that is working well because the economy continues to grow, production continues to rise, and installed capacity utilization continues to increase,” the President said in a speech at the closing ceremony of the annual assembly of the Argentine Confederation of Medium-Sized Companies.

Small and medium-sized enterprises (SMEs) “are a major driving force in the Argentine economy and have a great opportunity to grow more if we give them the attention they deserve”, Xinhua news agency quoted Fernandez as saying.

If SMEs improve their performance, employment will increase, and “Argentina will be in a better position for future development”, he added.

Argentina’s gross domestic product (GDP) increased 10.3 per cent in 2021, after registering a growth of 8.6 per cent in the fourth quarter of that year, according to the National Institute of Statistics and Censuses.

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