Argentine Government Predicts 3.5% Drop In GDP By End Of 2024


(MENAFN- AzerNews) By Alimat Aliyeva

The government of Argentina predicts that the country's gross domestic product (GDP) will fall by 3.5% by the end of 2024, inflation will be less than 130% in annual terms, Azernews reports.

According to the authorities, the level of consumption by the end of the year will fall by 6.6%, investments - by 17.2%, imports - by 17.7%.

At the same time, the government expects exports to grow by 20.9%. The official dollar exchange rate will rise to 1,016 pesos, today it is 954.1 pesos.

MENAFN05072024000195011045ID1108411779


AzerNews

Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.