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.