Sep
04
Argentina to Go Deeper Into Recession, Central Bank Survey Says
By-
Economists in central bank survey see 2018 GDP shrinking 1.9%
- Forecast of 40% inflation, peso to be 41.9/USD by end of 2018
Argentina’s economic outlook deteriorated significantly in August amid a renewed currency crisis, with economists surveyed by the central bank forecasting a deepening recession, weaker currency and higher inflation.
Economists in the monthly survey published Tuesday see South America’s second-largest economy contracting 1.9 percent in 2018, compared with the previous forecast of a 0.3 percent contraction. Inflation is expected to end the year at 40.3 percent, up from the 31.8 percent prediction in July…
Argentina to Go Deeper Into Recession, Central Bank Survey Says
