Leading banks projected 12.8% fall in Argentina’s economy

The leading banks in the world stated that they see a complicated panorama for Argentina due to the fiscal deficit, monetary issue and low global growth. A projected 12.8% fall for Argentina will be the second-worst in the Latin American region, which on average would suffer a recession of 8.4%. A report by the Institute of International Finance highlighted the risks facing the economy if an IMF-supported medium-term program is not achieved.

Source: Infobae