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Argentina's GDP is expected to worsen by 2.5%

2019-09-04T02:13:29.981Z

[Buenos Aires 3rd Reuters]-According to a monthly analyst survey published by the Argentine Central Bank on the 3rd, the GDP growth forecast for 2019 is -2.5%, minus 1.4% from the previous survey From



[Buenos Aires 3rd Reuters]-According to a monthly analyst survey published by the Argentine Central Bank on the 3rd, the GDP growth forecast for 2019 is -2.5%, minus 1.4% from the previous survey Worsened. Political uncertainties influenced.

The inflation forecast for 19 was 55%, exceeding the previous 40%.

The survey was conducted after the opposition party's former Prime Minister Fernandez took the lead in the presidency on August 11th against President Makri.

Anaerobically, the currency peso fell 26% in August, which is expected to lead to price increases.

Source: asahi

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