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Analysts warn that devaluation, uncertainty will affect growth
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Argentine economy grows close to 10% annually in first half of the year
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Full article IMF estimated that Argentina s GDP in 2020 contracted 10,4%, while anticipating that in 2021 growth could reach 4,5% and 2.7% next year.
The International Monetary Fund, IMF, lowered Argentina s growth estimate for this year to 4,5% from its previous 4.9% forecast, according to the World Economic Outlook, WEO, delivered this week and which includes some forty countries, among which Argentina since it is a member of G20.
IMF also estimated that the country s GDP in 2020 contracted 10,4%, while anticipating that in 2021 growth could reach 4,5% and 2.7% next year.
WEO also points out that the recovery percentages won t be enough to mitigate the impact of the pandemic, as in the majority of countries analyzed by the IMF Two exceptions are China and the US, estimated to expand 8,1% and 5,1% this year respectively, and overcoming the negative impact of the pandemic in 2020.