A survey by the Argentine Central Bank, of economists and analysts’ opinions, said that the Argentine economy is expected to contract by 11.8% in 2020, in a slightly more optimistic forecast than the previous estimate of a decrease of 21.1%.
The bank’s market forecast survey expects inflation to reach 36.9 percent in 2020. The survey indicated that prices are expected to jump 3 percent in September.
The poll showed that “during the third quarter of 2020, gross domestic product will increase by 9.8 percent compared to the second quarter of 2020, which indicates that the period of the greatest impact of the Corona pandemic has ended.”
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