The IMF estimates that the Argentine economy will fall more than expected

This paper is a review of the one published in April at the agency's spring meeting on Argentina, and states that "the growth forecast for 2019 has been slightly revised downwards compared to the April WEO. , and the recovery in 2020 should be more modest".

The agency said that "while risk appetite in the debt market had improved, there were other episodes of risk, such as additional trade tensions, prolonged policy uncertainty. budget and the aggravation of the dynamic ". debt in some highly indebted countries; an intensification of stress in the major emerging markets currently at the heart of a difficult macroeconomic adjustment process, as in Argentina and Turkey. "

The IMF has reduced by one tenth its global growth forecast by 2019, 3.2%, because of international tensions and more particularly of the trade war opposing the two main world economies, China and the United States.

The multilateral agency also reduces its global growth forecast by 2020 by one-tenth, or 3.5%.

The economic growth figures were updated and disclosed in the staff report on the occasion of the approval of the fourth review and the fifth disbursement of a loan signed in 2018 for an amount of $ 57.3 billion, for a total of $ 57.3 billion.

There it was explained that a decline of 1.3% was expected for Argentina in 2019. and that in 2020, growth was forecast at 1.1%, about half that estimated in April.

As for inflation, Argentina is expected to close this year with a price rise of 40%. In April, it was estimated at just over 30.6%.

An increase by 2020 which, however, is described in writing as "precarious" and that it relies on the confidence of the financial markets, as well as on the stabilization of emerging economies such as Argentina and Turkey and on the possible reduction of the risk of collapse of other economies. such as Iran and Venezuela.