The IMF has updated its forecasts for the Argentine economy

The International Monetary Fund (IMF) has predicted more modest growth for Argentina next year, according to its report on the outlook for the global economy (WEO), released today in New York. Washington.

The document confirms that it expects a decline in activity in Argentina greater than that forecast in the previous forecast for the current year. It now calculates the retraction at 1.3% and a "more moderate" recovery (1.1%) by 2020.

The report notes that among the risks that exist and that can affect the global economy, there is "a worsening of tensions in major emerging markets currently plunged into difficult macroeconomic adjustment processes (such as Argentina and Turkey) ".

With regard to inflation, the IMF notes that underlying inflation has been lower than the historical average in many emerging and developing countries, except in a few cases such as those in the United States. Argentina, Turkey and Venezuela.

According to the IMF and according to data released by Ámbito, in 2019, inflation in Argentina will reach 40% and is expected to reach 32.1% by 2020.