Argentina 2021 economic growth forecast raised to 7.2%

0
21
© Reuters. Pedestrians walk in front of a currency exchange shop in downtown Buenos Aires, Argentina September 3, 2019. REUTERS/Agustin Marcarian

BUENOS AIRES (Reuters) – Argentina’s economy will grow 7.2% in 2021, analysts said in an Argentine central bank poll published on Friday, an improvement on their forecast last month of 6.8% growth.

Inflation in 2021 is seen at 48.4%, 0.2 points percentage above last month’s estimate, according to 42 respondents to the Market Expectations Survey (REM) by the Argentine central bank on Aug. 27-31.

The analysts saw inflation at 2.8% for August.

Latin America’s third-largest economy has suffered from high inflation for several years and has been in recession for three years. These economic woes deepened since the 2020 COVID-19 pandemic.

The poll participants predicted the average nominal exchange rate in Argentina will be 105.75 pesos per dollar in December, and 154.5 pesos per dollar by December 2022.

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.