The IMF stressed that inflation would fall "slowly" – ElSol.com.ar – Diario de Mendoza, Argentina

The International Monetary Fund (IMF) on Friday stressed that "inflation and inflation expectations have been dropping since October" in Argentina, which, if it was prolonged, would allow a "reduction progressive "interest rate and economic recovery. in the second half of the year.

"Inflation and inflation expectations have been trending down since October, and all indications are that they will continue to decline slowly in 2019," said IMF Managing Director Alejandro Werner. Latin America, presenting updated perspectives for the region.

"This would allow a gradual reduction in the interest rate which, combined with an increase in real wages and exports, would generate a recovery in economic activity from the second quarter of 2019," he said. added.

In 2018, Argentina recorded inflation of 47.6% year on year, its highest figure since 1991, attributable to the country's strong devaluation during the year. Last year, and should be reduced to 28.7% by the end of 2019.

IMF estimates suggest that Argentina has closed the year 2018 with a contraction of 2.8% and expects this figure to reach 1.7% in 2019, to regain growth positive by 2.7% in 2020.

Although Werner welcomed the stabilization plan adopted by the Argentine government led by President Mauricio Macri as part of the bailout program of the financial institution, he warned that "the general elections of 2019 could reduce the Appetite for reform ".

The IMF's financial badistance plan, approved last year, stands at $ 56.3 billion over a 36-month period.