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Argentine Economy Forecasted to Expand 5.5% in 2021; Inflation Will Be Close to 50%

RIO DE JANEIRO, BRAZIL - Argentina's economy is expected to grow 5.5% in 2021, after a contraction of about 12% last year due to the COVID-19 pandemic, with inflation seen ending the year at 49.8%, according to a survey of economists by the central bank released on Friday, January 8th.

According to the Market Expectations Survey (REM) of the central bank, based on opinions of 42 specialists, it is estimated that the first half of 2021 will end with accumulated inflation of 21.8%.

The survey participants see the average official exchange rate in Argentina rising from . . .

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