For the IMF, Argentina will not grow for two years – Clarín.com

The International Monetary Fund estimates that Argentina’s economy will grow this year or next. In its World Economic Outlook Report, released yesterday, the agency expects to our country a fall in gross domestic product of 0.3% this year and a minimum rise of 0.1% for 2016, when President Cristina Fernandez de Kirchner longer It is in power. Regarding inflation, the IMF predicts 18.6% in 2015 and 23.2% next.

The report was revealed as part of the Spring Assembly of the IMF and World Bank began yesterday in Washington. In the section devoted to Latin America and the Caribbean, the IMF devotes only four lines to Argentina: “It is projected that growth will be slightly negative in 2015 and the fall in investment and exports will be offset in part by a stronger government spending and higher private consumption, “the report. Growth estimates are in line with projections by Argentine private entities that believe the economy just start taking effect as of 2017.

While the economy remains in recession, figures released yesterday They are slightly more optimistic than the partial evaluation that the IMF had in January this year, when he predicted that the Argentine GDP would fall 1.3% and warned that our country still faced “significant macroeconomic imbalances.”

As for inflation, the IMF estimated for this year, a rate of 18.6% and 23.2% in 2016, there will be at the Casa Rosada other president since Cristina leaves office on December 10 next. Private measurements projected yet 27% this year.

Although brief in the Argentine chapter, the report revealed yesterday in a press conference at the headquarters of Pennsylvania Avenue, yes expands on the Calls walk explaining the twists and turns of the review process statistics began with a censure motion IMF to our country on February 1, 2103. Then, in December 2014, a schedule for review of the new established methodology that is culiminar soon when the Board issues its final evaluation (see separate article). On inflation, another asterisk clarifies that “from December 2013, the consumer price data reflect the new index,” which differs “significantly earlier”.

Latin America in general is too complicated says the report, which estimates that the falling price of raw materials is the main factor to explain the slowdown in regional growth. Points out the problems you are experiencing Brazil and adjustment launched by Dilma Russef after reelection. He also notes the rapid deterioration suffered by Venezuela’s economy, which is leading the country into a deep recession scenario (7%) with inflation close to 60%.