Argentina economic activity growth seen slowing to 2.5% in August

BUENOS AIRES (Reuters) -Argentina's economic activity growth likely slowed for a second consecutive month in August, a Reuters poll of analysts showed on Tuesday. According to the median forecast from 15 analysts, activity expanded 2.5% year-on-year in the eighth month of the year, following increases of 6.1% in June and 2.9% in July, as reported by Argentina's INDEC statistics agency. The average forecast for growth in economic activity was 2.8%. According to the Fundación Libertad y Progreso, a think tank, high interest rates and reserve requirements are hindering credit growth, affecting economic performance. INDEC's Monthly Economic Activity Estimator (EMAE) is a closely-watched economic indicator in Argentina, providing a preview for broader economic growth trends. Analysts' projectio