RIO DE JANEIRO, BRAZIL - The International Monetary Fund, IMF, lowered Argentina's negative growth estimate for 2020 to -4.5% from its previous -4.9% forecast, according to the World Economic Outlook (WEO) published this week and which covers some forty countries, including Argentina since it is a member of G20.
IMF also estimated that the country's GDP in 2020 contracted 10.4%, while anticipating that in 2021 growth could reach 4.5% next year.
The WEO report also points out that the recovery percentages won't be enough to mitigate the impact of the pandemic, as in the . . .