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Argentina GDP shrinks 2.5% in 2018

That’s the official result, out today. What’s more, the last quarter saw a slide of 6.2% YoY. On the back of this new, the Peso has slumped to 43 vs the US Dollar and interest rates touched 66% this morning.
Funny how the result compares to the forecasts, innit? Back at the end of 2017, the world predicted Argentina would come out of its recession and grow by 3.3%. Even after it had been hit by reality and those initial rosy forecasts throw out, the experts still predicted a 1.0% growth for the year.Macri is forgiven everything by those on the outside, but let’s see how he gets on in the Presidential elections at the end of the year. If he decides to run, that is.

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