IMF Sees Argentine Economic Recovery Starting in Second Quarter
- Mission chief Cardarelli sees ‘a lot of risks’ to forecast
- If inflation isn’t tamed fast, monetary policy may be extended
A sign displaying U.S. dollar exchange rates hangs as people wait inside of a currency exchange house in Buenos Aire.
Photographer: Erica Canepa/BloombergThis article is for subscribers only.
Argentina’s deepening recession will continue through the first quarter before the economy sees a sustained and gradual recovery, the International Monetary Fund said, while outlining a long list of threats to that rebound.
“The bottom -- the floor -- is going to be in the first quarter,” mission chief Roberto Cardarelli told journalists in Buenos Aires Saturday. "We believe the recovery will begin in the second quarter."