Argentina’s Economic Woes: Government Predicts Decline in GDP and InflationArgentina’s Economic Woes: Government Predicts Decline in GDP and Inflation According to Argentina’s government, the country’s gross domestic product (GDP) is expected to decline by 3.5% by the end of 2024. Additionally, annual inflation is projected to be less than 130%. The government forecasts a decrease in consumption levels of 6.6%, a 17.2% drop in investment, and a 17.7% reduction in imports by year’s end. However, exports are anticipated to rise by 20.9%. The official dollar rate is predicted to reach 1,016 pesos, up from the current rate of 954.1 pesos. Azer News reported that the government’s predictions also include a decline in consumer confidence following an economic crisis in 2022. The Argentine government has been implementing austerity measures to stabilize the economy. Social Media Presence Azer News, the source of the information, is a reputable news organization that covers Azerbaijani and international affairs. – Twitter: @AzerNewsAz
By Alimat Aliyeva
Argentina’s government predicts that the country’s gross domestic product (GDP) will fall by 3.5% by the end of 2024 and that annual inflation will be less than 130%.
Azer News defeated.
According to the authorities, consumption levels will fall by 6.6% by the end of the year, investment by 17.2% and imports by 17.7%.
At the same time, the government expects exports to grow by 20.9%. The official dollar rate will rise to 1,016 pesos, from 954.1 pesos today.
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