Economic Rebound Unlikely In Near Future – Di Tella
Argentina’s economy, which is almost certainly already in a recession, is unlikely to recover soon and will probably be in a recession throughout 2009, according to a recent series of data released by Torcuarto Di Tella University.
In a report published Monday that tracks the performance of distinct “leading economic indicators,” the university highlighted data indicating that there is just an 18.7% probability that the economy will recover within the next six months.
“This result indicates that the recession will continue throughout 2009,” Di Tella reported.
Di Tella’s survey is somewhat similar conceptually to a widely watched U.S. report published by the Conference Board. You can see Di Tella’s survey for yourself here.
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