For the IMF, inflation will fall "slowly" and the Argentine economy will rebound in the second half

The IMF today estimated that Argentine economic activity could show signs of recovery in the second quarter of this year, under the effect of a drop in inflation and inflation. interest rate, as well as a recovery in real wages and exports.

Alejandro Werner, director of the US Monetary Fund Department in the Western Hemisphere, said that "the stabilization plan of the Argentine government, based on revised and strengthened monetary and fiscal policies, has eased the turbulence and stabilize the type of crisis.

"Inflation and inflation expectations have been trending down since October, and all indications are that they would continue to decline slowly in 2019. This would allow for a gradual reduction in the interest rate badociated with inflation. an increase in real wages and exports., would generate a recovery in economic activity from the second quarter of 2019, "he said.

According to data released by INDEC, economic activity recorded a contraction of 7.5% in November 2018 in November 2018 and a cumulative decline of 2.2% between January and November of the same year.

In this context, Werner confirmed that the IMF estimated that during this year, Argentina's GDP would fall by 1.7%, but would bounce back next year to achieve a 2% growth. , 7%.

Moreover, he noted that there was "less confidence in the political uncertainty in Brazil and Mexico, as well as in the uncertainty related to the elections in Argentina".

In this sense, he felt that the presidential election in Argentina, scheduled for October, "could reduce the appetite for reform".

According to Latin America, he estimated that "in terms of fiscal policy, about half of the region's economies are reducing their primary deficits as a percentage of GDP in 2018. However, this was not enough to place the public debt on a downward trajectory, with the exception of Argentina. (N / A)