Country Economic Forecasts - Argentina
The outlook has significantly worsened since mid-August, as the peso has lost another 22% against the dollar (making a cumulative 51% fall so far this year). The extra depreciation will push inflation above 40%, squeezing consumers’ budgets and resulting in a deeper and longer recession. We now expect GDP to contract by 1.4% this year and flatline in 2019 (previously 0% and 1.5%).
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