IMF "marked the court" for the next government | Chronic

The Monetary Fund said that the next direction in Argentina should "deepen the agenda of structural reforms to accelerate sustainable growth"from 2020.

"After meeting the candidates, I was convinced that to accelerate sustainable growth, structural change had to be deepened"said the director of the Western Hemisphere IMF, Alejandro Werner, at a press conference scheduled to explain updates to the World Economic Outlook Report (WEO).

He added that each candidate "He put a different emphasis on where to place the structural changes"but "Both candidates were in favor of defining a program of economic transformation that accelerates growth and economic activity". Werner is sorry to give bigger recommendations by saying that "At this point, we are able to understand"he says, referring to the wishes of the candidates.

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Werner avoided further details by arguing that "We need to understand the proposals in a more comprehensive way, I think that answering prematurely what has appeared in the newspapers would be irresponsible on our part, because we must first understand the congruence of the fiscal framework in which we think before we speak"he condemned.

He also expressed that "The Argentine economy is in a vulnerable situation and the continuity of the program policies led by President Macri is yielding results in the recovery process"although he admitted that in the future, "there may be another combination of policies" of a future management "It may or may not speed up the recovery process"as has happened in other countries that have maintained a program with the IMF and have changed their government after elections, he said.

"We expect growth in the economy starting in the second quarter and more over the next two quarters"Werner said after stating that the march of the Argentine economy was taking place in a context of global slowdown and in particular the impact of Brazil.

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The IMF document states that "In Argentina, uncertainty has eased and, more recently, inflation has started to decline as economic activity picks up again". The agency stresses that "In Argentina, the economy is gradually recovering from the recession of last year".

The report noted that "Growth should increase by 1.1% in 2020 thanks to the rebound in agricultural production and the gradual restoration of consumer purchasing power, following the sharp compression of real wages last year".

The IMF has also predicted that "Inflation should continue to decline, but as inflation is more persistent, real interest rates are expected to remain at higher levels for longer, which explains the downward revision of inflation. growth in 2020 ". "On the sidelines, the Argentine economy is weaker than expected.We have considerably revised the growth downwards because the reduction in inflation did not materialize from a point of view annual rate but would not be of such magnitude.The real interest rates will be higher than expected in 2020 ".