The economy increased by 5.8% in the first quarter, due to banks and hotel

In the first quarter of 2024, at the beginning of Javier Miley, the economy fell by 5%. A year later, the activity restored the lost area and advanced a little more.

From January to March of this year, There was an increase of 5.8% compared to the same period of the previous year, As reported by Indec this afternoon. The sectors that expanded the majority were financial mediation, with 27%and hotel activity with 9%.

In addition, the agency reported that the gross domestic product (GDP) It grew by 0.8% in unstable terms Regarding the fourth quarter of the previous year.

As for demand, private consumption had a quarterly increase, with 2.9%and gross fixed capital, with 9.8%. Export decreased by 1.5%, and public consumption fell by 0.1%.

The macroeconomic evolution of the first quarter of 2025 determined a positive change in the global sentence, measured in 2004, is 13.0% compared to the same period of the previous year due to an increase in 5.8% of GDP and Change 42.8% in importing real goods and services.

In global demand, the growth of gross fixed capital increased by 31.8%, an increase in the export of real goods and services by 7.2%, private consumption increased by 11.6%, and state consumption – by 0.8%.

In unstable terms, in relation to the fourth quarter of 2024, Import increased by 17.7%, private consumption recorded an increase of 2.9%, public consumption fell

Among the components of demand, the greatest increase was observed in the gross fixed capital formation, and 31.8% was observed. On the other hand, between the sectors of the activity, An increase in financial mediation (27.2%) was registeredFishing (11.6%) and hotels and restaurants (9.0%), as well as a decrease in the private sector of households with domestic maintenance (-2.2%).

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