From Buenos Aires Times · · 1m 10s
World Bank Predicts Argentina Economy Grows 2.1%
World Bank forecasts Argentina's economy will grow 2.1% this year amid regional economic recovery.
In brief
World Bank forecasts Argentina's economy will grow 2.1% this year amid regional economic recovery. The World Bank predicts Argentina's economy will grow 2.1% this year as part of a three-year recovery trend. Originally reported by Buenos Aires Times.
World Bank Adjusts Latin America Growth Forecast
The World Bank reduced its growth forecast slightly for Latin America and the Caribbean while predicting Argentina's GDP will increase 2.1 percent this year.
Argentina's Economic Recovery Trend
Argentina's economy is expected to post growth for three successive years to 2027, the first time it will have done so in nearly 20 years.
Drivers of Economic Improvement
The improvement is driven by fiscal consolidation, tax reforms, and a more open economy according to the report.
Argentina's Growth Projections
Argentina's economy grew by 4.5 percent last year and will grow by an estimated three percent in 2027.
Regional Economic Outlook
The World Bank forecasts modest economic growth for Latin America and the Caribbean with risks from high energy prices and El Niño.
El Niño Impact on Region
El Niño could further disrupt agriculture and hydropower and push up food and energy prices according to the World Bank.
The big picture
The World Bank predicts Argentina's economy will grow 2.1% this year as part of a three-year recovery trend.
