Argentina’s Economic Doldrums May Be Hitting Floor

Despite widespread predictions for a worsening outlook, Argentina’s economic doldrums may be reaching a floor, according to a recent series of data released Monday by Torcuarto Di Tella University.

In a report that tracks the performance of distinct “leading economic indicators,” the university highlighted data indicating there is a 38% probability that the current negative economic trend will turn around within the next six months. That’s up substantially from a measly 18.7% a month ago.

The university cautioned that the economic indicators are “inconclusive” and that it’s still too early to say a recovery in on the horizon. Still, things seem to be looking better today than they did a month ago.

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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