Argentina Minister Guzmán signals faster than expected economic recovery in 2021

“I would like to encourage you to turn your gaze on Argentina,” President Fernández said, adding that the Vaca Muerta shale oil play in southern Argentina was particularly ripe for investment.

RIO DE JANEIRO, BRAZIL - Argentina’s gross domestic product will grow at least 7% this year, Economy Minister Martin Guzmán said on Tuesday, March 16th, signaling a faster than previously expected recovery after three years of recession exacerbated last year by the COVID-19 pandemic.

The new economic growth estimate is above the 5.5% foreseen in the government’s budget. Latin America’s No. 3 economy shrank 10% in 2020, weighed down by a lockdown against the coronavirus and uncertainty over the policies of left-leaning President Alberto Fernández, who took office at the end of 2019 . . .

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