As expected, the Fund's Board of Directors approved the review of Argentina's program, although it made it clear that Massa failed to meet all goals. The IMF applauds the fiscal effort promised by...
2018’s recession will leave a negative carry-over of 3 points for 2019
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2018’s recession will leave a negative carry-over of 3 points for 2019
Second week
September 2018
This year’s growth perspectives have changed a great deal after the drought and mostly after the currency crisis of the last few months. Currently, we expect a 2.5% fall in GDP for this year. This fall will leave a negative carry over of 3.0 percentage points for 2019. Although we expect the activity to recover starting at the beginning of next year, with such a carry over the yearly expansion of GDP would be around 0% in 2019.