Macroeconomy/Finance

ECLAC now predicts that Argentina will fall 10.5% by 2020

ECLAC presented its latest report indicating that Argentina will have a 10.5% fall in GDP, five points more than it had predicted in its April report. The evolution of soybean and oil prices will impact activity. The average contraction in the region expects to be 9.1% in 2020, a drop 70% higher than that estimated three months ago.

Source: Ámbito

Categories: Macroeconomy/Finance