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Prolonged drought in Argentina causes a crisis in agricultural production and may reduce GDP

That Argentina's economy is going from bad to worse is nothing new, but now the crisis may get even worse due to the prolonged drought that will significantly impact its economy.

The country's Gross Domestic Product (GDP) may suffer a worrying 2% reduction.

Agricultural exports are responsible for much-needed foreign currency for the country, and this period of commodity sales, which runs from March to May, is usually the relief that every year saves the Argentine economy, but this year the wheat harvest - the main agro crop of the 'hermanos' - was a total failure.

As a result . . .

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