Argentina GDP to drop 1.5% in 2019 vs previous forecast of 1.4%: central bank poll
[BUENOS AIRES] Argentina's gross domestic product is expected to contract 1.5 per cent this year, according to a monthly central bank poll of analysts published on Friday, slightly steeper than the 1.4 per cent drop forecast in the same poll released in early July.
Economic growth for 2020 was estimated in the survey of 51 analysts at 2.0 versus the previous poll's forecast of 2.2 per cent.
Inflation expectations for this year remained unchanged at 40 per cent while next year's increase in consumer prices was seen at 28 per cent, a touch higher than the previous poll's forecast of 27 per cent.
REUTERS
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
International
Putin plans to meet Xi in China days after his new term starts
Biden vetoes bid to repeal US labour board rule on contract, franchise workers
Economic leaders of South Korea, Japan, China say FX volatility is a risk
US automakers win extension on use of Chinese graphite in EV tax credits
US service sector contracts in April; price pressures up
Thaksin’s daughter calls central bank independence an ‘obstacle’