The IMF revised its economic forecast for Argentina.It now anticipates a sharper contraction of 3.5 percent for 2024, marking an increase from earlier projections.Despite a projected GDP decline, the latter half of the year could witness an economic recovery as fiscal consolidation softens. Additionally, real wages are expected to begin rising, and investments should gradually increase. The IMF offers now a spark of optimism by lowering its inflation predictions to 140 percent annually.
June 18, 2024
SOURCE: RIO TIMES
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