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The IMF maintains Argentina’s growth projections and lowers those of the rest of the world

The International Monetary Fund ( FMI) maintained growth projections for Argentina at 4% in 2022, as in its last report in April, according to its latest report, released this Tuesday. Simultaneously, lowered global projections due to the consequences of the war between Russia y Ukraine.

According to the new projections of the FMIthe world economy slows down from 6.1% last year to 3.2% during 2022, which represents 0.4 percentage points less than in the last report of “World Perspectives” carried out by the multilateral organization in April.

According to the report, which describes the world situation as “grim”production in the world “shrank in the second quarter of this year, due to recessions in China and Russia.”

In the document, the Fund insisted on asking governments to take as their “first priority” the reduction of inflation. And while he admits that tight monetary policy will “inevitably bring economic costs,” he stresses that delaying it would only “exacerbate” those costs.

The Argentine and world forecast

Among the most important downward revisions are those of USAwith a reduction of 1.4% and 1.1% in Chinacountries where growth of 2.3% and 3.3%, respectively, is now expected.

In contrast to the two superpowers, in the case of Argentina the same estimates were maintained as in the last report, with a projected growth of 4% for this year and 3% for 2023. The data came out the day after the meeting between Minister Silvina Batakis and the head of the IMF, Kristalina Georgieva.







Georgieva and Batakis met yesterday

In this sense, Latin America is one of the few regions that sees the forecast for this year improvewhich now stands at 3%, half a point more, although that of 2023 worsens, the year in which an advance of 2% is calculated, half a point less.

In Brazil, the economy would grow 1.7% this year, nine tenths more, and 1.1% next year, three tenths less, while Mexico’s growth will be 2.4% this year (four tenths more) and 1.2% the next (1.3 points less).

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