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MercoPress, en Español

Montevideo, November 22nd 2024 - 01:13 UTC

Tag: Economic Outlook Report

  • Wednesday, October 14th 2020 - 09:27 UTC

    Argentine economy to fall 11.8% in 2020 and rebound 4.9% in 2021, according to IMF

    In June, the IMF predicted a 9.9% drop in GDP and by April 2021, it estimated that the same period would end with a 5.7% drop in GDP.

    The International Monetary Fund (IMF) forecasts that the Argentine economy will fall by 11.8% this year, and rebound by 4.9% in 2021, the credit agency announced. This was stated in the Economic Outlook Report (WEO) called “A long and difficult road uphill”, where as a result of the pandemic it estimated a fall in world GDP of 4.4% and a recovery of 5.2% by 2021.