Egypt – the Argentine Central Bank expects the GDP to shrink...

Egypt – the Argentine Central Bank expects the GDP to shrink...
Egypt – the Argentine Central Bank expects the GDP to shrink...
(MENAFN – Al-Borsa News) Argentina’s economy is expected to contract by 11.8% in 2020, in a slightly more optimistic forecast than the previous estimate of a 21.1% decline, according to a survey by the Argentine Central Bank of economists and analysts on Friday.

The Bank’s Market Outlook Survey expects inflation to reach 36.9% in 2020.

The survey indicated that prices are expected to jump 3% in September.

The poll showed that “during the third quarter of 2020, the gross domestic product will increase by 9.8% 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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