(Bloomberg) President Javier Milei will meet face-to-face with the head of the International Monetary Fund in Italy this week, with Argentina claiming it has cleared a key hurdle as it seeks fresh funds to eventually lift capital controls.Most Read from BloombergHunter Biden Was Convicted. His Dad’s Reaction Was Remarkable.Apple to ‘Pay’ OpenAI for ChatGPT Through Distribution, Not CashUS Inflation Broadly Cools in Encouraging Sign for Fed OfficialsFed Officials Dial Back Rate Forecasts, Sign
According to the latest World Economic Outlook report released Tuesday by the World Bank from its headquarters in Washington DC, Argentina s economy is expected to fall sharply this year, thus becoming the Latin American country going through the tightest contraction in the region before rebounding in 2025. The study projected a 3.5% drop this year followed by a 5% surge in 2025, thus outperforming the rest of the continent.
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