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The IMF anticipated a drop in GDP of 3.5%, inflation of 140% for this year and warned of the risk of a prolonged recession

The IMF anticipated a drop in GDP of 3.5%, inflation of 140% for this year and warned of the risk of a prolonged recession
The IMF anticipated a drop in GDP of 3.5%, inflation of 140% for this year and warned of the risk of a prolonged recession

The organization published its report for the eighth review. He highlighted progress with inflation and adjustment, but warned about exchange controls and recession.

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He International Monetary FundHe published the staff report after approving the disbursement of US$800 million for Argentina. Although he highlighted the process of disinflation once again called for exchange controls and warned of recession. Regarding projections, he anticipated a GDP drop of 3.5% and inflation of 140% by 2024.

Among the results, the IMF highlighted that “the program remains firmly on track, with all quantitative performance criteria by the end of March 2024 with margins.”

In addition, he warned that “to sustain progress it is necessary to improve the quality of fiscal adjustment and take initial steps towards an improved monetary and exchange rate policy framework, and the implementation of reforms to unlock growth, formal employment and investment.”

News in development.-

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The IMF estimates a drop in GDP for this year, but foresees a rebound for 2025.

The IMF estimates a drop in GDP for this year, but foresees a rebound for 2025.

Source: Ambito

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