Argentina 2021: a slow recovery and higher inflation

ARGENTINA - Forecast 27 Nov 2020 by Domingo Cavallo

Our forecast for the Argentine economy in 2021 differs significantly from the official forecast in the 2021 Budget Law. We forecast a slower recovery of GDP growth and a significantly higher rate of inflation than that projected by the authorities. At the same time, we expect a slightly lower primary fiscal deficit as percentage of GDP and a similar trade balance.

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