For the IMF, Argentina will fall by 3% and inflation in 2019 will be greater than 57%

The IMF has released its projections on the Argentine economy in the World Economic Panorama (WEO) released Tuesday in the city of Washington at the beginning of the annual meeting.

According to their reports, the country's economy fell 2.5% in 2018, it will be reduced by 3.1% in 2019, while in 2020, it will be reduced by 1.3%. He also said that the current account balance would record a deficit of 1.2% of gross domestic product this year and would reach a 0.3% surplus in 2020.

In terms of inflation, the Monetary Fund estimated that prices would end in 2019 with an increase of 57.3% and an increase of 39.2% throughout 2020. In this context, unemployment will reach 10%, 6% in December this year and could fall to 10.1% in 2020.

The data of the Argentine economy are alarming over the last year. The National Institute of Statistics and Census (Indec) revealed that 35.4% of the population and 25.4% of households were below the poverty line in the first half of 2019. At the. Within this set, we distinguish: 5.5% of homeless households, which comprise 7.7% of people.

READ MORE

According to Indec, 35.4% of Argentines are poor

$ 5.4 billion in formal disbursement from the IMF