Macroeconomy/Finance

Argentina’s recession in 2020 will be deeper than expected

Argentina’s economy would fall by 2% or more by 2020 if travel restrictions/quarantine deepened. The economic impact of the coronavirus at the local level affects exports. Declining demand in some of Argentina’s major trading partners, such as the United States and China, coupled with falling commodity prices and declining tourism, will result in lower foreign exchange earnings. In contrast, inflation expected to fall from 37.5% to 35%.

Source: Ámbito

Categories: Macroeconomy/Finance