Economy grew 1.9% in 2012, CFK announces

Economy grew by 1.9 percent in 2012 compared to the volume registered in 2011, President Cristina Fernández de Kirchner announced today while heading a ceremony in Chubut province.

“I thought we would end up below that figure,” Fernández de Kirchner admitted and added that the growth was possible “because we began to develop industries. If we only had services we wouldn’t have made it.”

"In a crisis, service providers cannot keep jobs. Those who can keep them are the industries and that allowed us to survive this strong crisis."

She also added that the strong domestic consumption played a role in the economi crisis “in line with the policies launched in 2003.”