Fitch predicted that the Argentine economy would not develop this year

In a report, he noted that "an uncertain and unpredictable electoral cycle in Argentina could also generate volatility and create negative risks for the reform agenda."

The rating agency said that "Argentina's economic adjustment process has been mixed, with the balance of risks remaining tilted downward". The government has reached its target of a 2018 primary deficit, agreed with the IMF, but the government could question an extremely low threshold. Continued economic contraction We expect Argentina to lose its primary balance target this year, and progress in external adjustment has also been delayed in 2018, while disinflation has been slower than expected . "

The agency has identified three risk factors for the region: "Commodity price volatility, China's slower than expected slowdown, international trade tensions and a more rapid tightening of conditions than expected. international funding. "

"Brazil, Argentina, Ecuador and Costa Rica are on the verge of multi-year fiscal consolidation, but the risks of implementation will continue to be felt in a context of low growth. " Failure to continue this consolidation will affect countries' ability to stabilize. of debt and reduce the need for financing, "said the agency.Fitch noted that" with the exception of Brazil, the outlook for Ecuador, Costa Rica and the " Argentina is negative.