For the IMF, inflation and recession will not stop in 2019

In its report on the global economic outlook, the Fund painted a very complicated picture of the economy for this year.

April 9, 2019

The recession and inflation will not stop in 2019 for the IMF. The international agency estimated that the Argentine economy shrinks by 1.2% and the price increase by 30.5%.

In his report on the global economic outlook presented in Washington, he said it was essential to reach the zero deficit this year "in order to strengthen investor confidence and sustainable growth."

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With respect to prices, the Fund raised its inflation forecast by 10 points and placed 30.5% for this year, she had estimated in October for the same period a price increase of 20.2% from one year to the next (December 2019 compared to December 2018).

Likewise, the entity that performs Christine Lagarde expected a current account deficit of 2% for 2019, which will deepen to 2.5% next year. In this sense, the IMF warned that "the risks of deterioration for the economy are still considerable" and that "its materialization could lead to a change in investor preferences relative to peso badets and pressure on the currency" . and the capital account. "