Macroeconomy/Finance

Government forecasts 6.5% drop in economy and 3.1% fiscal deficit

A sharp drop of 6.5% in the gross domestic product (GDP) would be registered this year by the Argentine economy. An official document from the Ministry of Economy called “Pautas para la Reestructuración” estimates that there will be a recovery of 3% in the 2021 GDP, it would not be enough to compensate the retraction of the current year. Then the country expects a projected growth of 2.5% in 2022. After that a grow of 1.7% per year, from 2023 to the end of the decade.

Source: Ámbito

Categories: Macroeconomy/Finance