The latest IMF World Economic Outlook report anticipates that Argentina’s economic contraction will amount to 1.8% this year, fiercer than the IMF’s last forecast of a 1% decline. Inflation, meanwhile, will hover at around 40%, above government estimates, the Fund said.
International Monetary Fund said that the economy of Latin America and the Caribbean will shrink 0.6% this year, compared with its earlier projection of a 0.5% contraction. The prediction is part of the latest edition of the IMF's World Economic Outlook, which points out that while major regional economies such as Brazil and Venezuela are suffering, most other countries in the area continue to expand.
Colombian President Juan Manuel Santos said Wednesday peace with the FARC rebels is “close,” but his top opponent demanded an overhaul of a “weak” deal rejected by voters in a referendum.
Foreign minister Susana Malcorra addressing Argentine Senators described the UK/Argentina statement as very positive since UK accepts to dialogue on all South Atlantic issues, without exclusions, with shared responsibility in eliminating obstacles to the region's development and in this new positive spirit eventually discuss Falklands/Malvinas sovereignty.