IMF predicts 2.5% GDP drop and 120% inflation for Argentina - News Summed Up

IMF predicts 2.5% GDP drop and 120% inflation for Argentina


According to a report released on Tuesday, the International Monetary Fund (IMF) revised Argentina’s growth projection for 2023 — which it calculated to be 0.2% in April — to negative 2.5%. “That was a fairly significant downward revision,” Petya Koeva Brooks, Deputy Director of IMF’s Research Department, said in a press conference. The IMF report placed Argentina’s economic growth at 2.8% next year. The Fund also revised the country’s projected inflation for the entire year to 120% — from 88% in April. On Sunday midday, the IMF announced that it agreed on primary objectives for a new staff-level agreement with Argentina.


Source: Bueno Aires Herald July 25, 2023 22:09 UTC



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