Lagarde warns the president that it would be foolish not to respect the agreement with the IMF

"Now that so much effort has been made, in a program in which social protection has always been one of the key priorities, it would be foolish for any candidate to turn his back on the work in progress. ", did he declare.

Lagarde made these statements at the conference where he said that "the global economy is at a delicate moment," in full deceleration. Last Tuesday, the entity's forecasts indicated that global growth would be only 3.3% this year.

His words are not occasional. Several opposition leaders who, launched in the race for the presidency, propose to discuss the agreement with the IMF. In fact, many of them mentioned it with the body's envoy, the Italian Roberto Cardarelli, during his visit to the country a few days ago.

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Photo: NA

Lagarde felt that the Argentine economic program "really worked" and ensured that "the economy is coming out of the bottom".

At a press conference, at the opening of the IMF and World Bank Spring Assembly in Washington, the official addressed "two key messages" to Argentina. . On the one hand, said "we are starting to see that the program really works, we believe that Argentina is at a stage that is outside the fund".

In its report on the outlook for the global economy released Tuesday, the Fund said the Argentine economy would shrink by 1.2% in 2019 to reach 2.2% by 2020.

The gross domestic product (GDP) is expected to shrink in the first half of 2019 "as domestic demand slows with the adoption of tighter policies aimed at reducing imbalances," the agency said.

He also predicted that the economy would grow again in the second half of the year, while real income would pick up again and agricultural production would resume after the drought of 2018.

Regarding the European situation, he said the postponement of the separation of Britain and the European Union avoids the "terrible outcome" of a Brexit "without agreement", which would put still more pressure on the global economy, reported the EFE news agency.

At the press conference, however, Lagarde said the lack of agreement would prolong uncertainty and not solve the problems between Britain and the EU.

Lagarde, the Brexit delay "gives time to continue discussions between the various parties involved in the United Kingdom, probably leaving time for economic agents to best prepare for all options, especially industrialists and workers" . try to secure your future, "Lagarde said." A Brexit without agreement would have been a terrible result. "