This demand contraction has had predictable impacts on #Argentina's labor market, with unpredictable impacts on #Cambiemos heading into an election year. 3Q18 unemployment increased from 8.3% to 9% compared to a year ago.
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Why is strong growth in #Brazil so critical to #Argentina's economic recovery? Domestic demand has collapsed, with private consumption and fixed investment plunging in the third quarter of this year, according to a @jpmorgan report on the "domestic demand plunge."
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