Macroeconomy/Finance

Argentina to remain in recession in 2020 – ABN AMRO

According to analysts at ABN AMRO, among the ‘big six’ Latin American economies, Argentina is the only country which looks to be heading for a further contraction in 2020. “The economic outlook is highly uncertain; at this point in time, we are forecasting a 2% contraction in GDP in both 2019 and 2020, with a slight recovery in 2021,” they say in their last report.

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Source: FX Street

Categories: Macroeconomy/Finance