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Growth and Unemployment Data Due

ARGENTINA
  • The monthly economic activity indicator has flagged a 1% expansion in 1Q and markets will likely focus on the breakdown of the demand components.
  • Results will likely reflect a combination of reopening gains and the residual, lagged push from monetary and fiscal stimulus. The gradual normalization of monetary policy and and the effects from the IMF-supported fiscal adjustment will likely curb growth in the quarters ahead.
    • 2000BST/1500ET: Q1 GDP YoY, est. 6.1%, prior 8.6%; QoQ est. 1.0%, prior 1.5%
    • 2000BST/1500ET: Q1 Unemployment Rate, prior 7.0%

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