Macroeconomy/Finance

Projections: 11% drop in GDP and 42.2% inflation

The July report by Latinfocus Consensus Forecast, which includes forecasts from banks and private consultants, shows a worsening in most of the variables considered. They expect a drop of 11% in the GDP for 2020. The annual inflation would be 42.2% and that the official quotation of the dollar is located at 88 pesos, although some projections take it to a maximum of 102 pesos.

Source: La Nación

Categories: Macroeconomy/Finance