The World Bank had already said so and it seems that now the IMF ratifies it. Argentina will grow very little in 2023. This Tuesday, April 11, at the beginning of its Spring meetings, the International Monetary Fund (IMF) worsened its forecast for growth of the economy Argentina in this 2023. Among other things, he projected that the GDP rise 0.2%, that is, a drop of 1.8 points percentages against the estimate at the beginning of the year.
Among other complicated facts, raised its inflation forecasts in Argentina that he now estimates will reach 98,6% it’s 2023 almost 20 points above what the multilateral credit organization itself expected just 3 months ago for local prices, as reflected in the staff report released a week ago.
Argentine inflation it would only reach 60% by 2024
On the other hand, andn the Global Economic Outlook update (WOWfor its acronym in English), the organism was more pessimistic regarding the pace of global recovery: it foresees a GDP growth of 2.8% by 2023which for the economists in charge of the report is about “hitting bottom before rising modestly to 3% in 2024.
News in development…
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