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.