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Argentina reduced Its economic outlook
The year 2020 is sharply due to the Corona pandemic, according to an analysis by the government expected to shrink the economy
6.5% this year, with activity faltering due to public isolation measures in the country and weak demand
Global.
The government had
In March, it expected the economy to contract between 1.0 percent and 1.5 percent.
In her most recent estimate,
The Ministry of Economy predicted on Tuesday that growth in 2021 would reach 3 percent, unchanged from
Previous expectations in March did not include the consequences of the virus outbreak.
Expectations indicated
What is new is that the South American country is likely to record an initial budget deficit
3.1 percent of GDP this year, up from earlier forecasts
Between 1.1 percent and 1.5 percent.
Argentina suffers,
Latin America’s third largest economy has stagnated since 2018 and faces tough negotiations this month
With private creditors to restructure external debt worth about $ 65 billion.
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