The economy of Argentina posted markedly higher growth in the first half of this year, with GDP growing 2.1% and 2.3% in the first two quarters, respectively, whereas growth stood at only 0.5% y-o-y for the whole of 2014. This improvement was on the back of a return to growth in private consumption expenditure after a year of contraction in 2014. Private consumption grew 0.8% y-o-y in the first half 2015. Government expenditures jumped by 10.3% y-o-y in 2Q15, while GFCF was also back to growth this year.