RIO DE JANEIRO, BRAZIL - Argentina’s economy is set to contract by 11.8 percent in 2020, a slightly rosier outlook than a previous estimate of a 12.1 percent drop, according to a central bank survey of economists and analysts on Friday.
The bank´s Market Expectations Survey (REM) predicts inflation at 36.9 percent in 2020. Prices are expected to jump 3 percent in September, the poll showed.
“During the third quarter of 2020, GDP would increase 9.8 percent compared to the second quarter of 2020, which suggests that the period of greatest impact of the coronavirus . . .