Argentina Predicts 3.5% Growth
Argentina Predicts 3.5% Growth

Argentina Predicts 3.5% Growth

Argentina Predicts 3.5% Growth

Argentina’s government presented its 2018 budget to the congress, forecasting economic growth of 3.5% and annual inflation of 15.7% next year, Foxbusiness reported. The budget also expects Argentina’s currency to depreciate to an average of 19.3 pesos to the US dollar while investment would rise 12%. This year, the exchange rate is on track to average 16.7 pesos, and investment is expected to increase 10% from 2016. President Mauricio Macri’s government expects the primary fiscal deficit to decline to 3.2% of economic output, down nearly one percentage point from this year.

Short URL : https://goo.gl/StjE9q
  1. https://goo.gl/8pMvRQ
  • https://goo.gl/9wa6XY
  • https://goo.gl/j1YEep
  • https://goo.gl/8UjMAo
  • https://goo.gl/LTr1ex

You can also read ...

ECB President Mario Draghi (L) and US fed chair Jerome Powell at the ECB Forum on Central Banking in Sintra, Portugal, June 20.
The world’s most-powerful central bankers warned that...
China Trade Surplus Shrinks
China’s trade surplus shrank markedly in the first five months...
Brazil CB Holds Rate Steady
For the second consecutive time, the Central Bank of Brazil...
Consumer prices rose just 0.1% in May, down from a 0.3% gain in April.
Canada’s economy showed unexpected weakness in the second...
Ukraine Shadow Economy Drops to 31% of GDP
Shadow economy in Ukraine dropped by 4% in 2017, to 31% of GDP...
Inflation rate forecast for the full year is averaged around 3.1%.
Saudi Arabia is so intent on changing its identity that today’...
Turkey Sees 22% Yearly Decline in FDI
Turkey attracted some $3.1 billion in net international direct...
French Composite PMI Rises Unexpectedly
France’s private-sector economy expanded at a quicker-than-...

Add new comment

Read our comment policy before posting your viewpoints