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Argentina's growth plummets 5.1% in first quarter
Argentina's growth plummets 5.1% in first quarter

Argentina's austerity-hit economy contracted by 5.1 percent in the first quarter, the national statistics agency said Monday, driven by a slowdown in the construction and manufacturing industries. The manufacturing industry contracted by 13.7 percent and the only sector growing was exports -- up 26.1 percent year on year.