Como era de esperar el Directorio del Fondo aprobó la revisión del programa de Argentina, aunque dejó en claro que Massa incumplió todas las metas. El FMI aplaude el esfuerzo fiscal que promete el...
Latam 8 April 7
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Latam 8 April 7
In 2020 the GDP fell 9.9% recording one of the highest contractions in history. Both private consumption and investment plummeted 13.1% and 13% respectively. According to January data, the recovery is being led by Manufacturing (+4.6% y/y, Construction (+10.2% y/y), and Commercial activity (2.6%). Another sector with a good performance is the one related to exports, boosted by high international prices. For 2021 we have raised our forecast of GDP growth to 7%, but most of this figure will be a statistical effect. FX calm and a controlled number of COVID contagions will be critical to keep the economy on this path.