Christine Lagarde affirmed that the Argentine economy "began to improve" and sent a message to the presidential candidates – 04/11/2019

The head of the International Monetary Fund, Christine Lagarde, presented Thursday the "Spring Report" of the agency with a press conference given at the headquarters of the agency in Washington.

At the end of the exhibition, he badured that the Argentine economy was beginning to improve "and had left a message to the presidential candidates, before the October elections.

"Right now we are starting to see that the program is working. The economy is at a point where it is already starting to improve"Said Lagarde.

Look also

Clarin Bulletins

What you need to know today | The most important news of the day to read in ten minutes

Monday to Friday morning.

Asked about the country's political situation, the IMF chief warned that "now that so much work has been done, a program in which social protection has always been one of the 3 priorities, It would be foolish for any candidate to turn his back on what was done"

It is precisely in Washington that are found the Minister of Finance, Nicolás Dujovne, and the President of the Central Bank, Guido Sandleris, who participated in the Spring Assembly of the IMF and are waiting to meet investors.

In the report known in recent hours, the multilateral credit agency said that the Argentine crisis was one of the causes of the slowdown in global growth.

Look also

"We expect the Argentine economy to contract in the first half of 2019 As domestic demand declines with tighter policies to reduce imbalances, it will return to growth in the second half, when real income picks up and agricultural production resumes after last year's drought.

For this year, it is also estimated a decline of 1.2% and it is only in 2020 that this rate will increase to 2.2%. For 2024, they estimate an increase of 3.6%. The report also indicates that the expected rebound in Argentina will be felt in the region: in Latin America, we expect growth of 2.4% in 2020 to 2.8% in the medium term. Financial stabilization and recovery in Argentina, which will grow by 3.5 percent over the medium term, will contribute to regional growth, "and the recovery in Brazil and Mexico, the report says.

JPE