US Markets

Argentina inflation expected at 53% in Dec 2019, then 34% in 2020 - treasury officials

Credit: REUTERS/Agustin Marcarian

Argentina's inflation rate is expected at 53% in December 2019, but will fall back to 34% the following year, according to projections in the forthcoming 2020 budget, treasury officials said on Wednesday.

BUENOS AIRES, Sept 11 (Reuters) - Argentina's inflation rate is expected at 53% in December 2019, but will fall back to 34% the following year, according to projections in the forthcoming 2020 budget, treasury officials said on Wednesday.

The budget also predicts Argentina's economy to contract by an average of 2.6% in 2019, but to return to growth of 1% in 2020.

The treasury officials, who asked not to be identified, said the budget would be sent to Congress on Sept. 16.

(Reporting by Eliana Raszewski; Writing by Dave Sherwood; Editing by Kim Coghill)

((dave.sherwood@thomsonreuters.com; +56 9 9138 1047, +56 2 2370 4224; Reuters Messaging: dave.sherwood.thomsonreuters.com@reuters.net))

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Other Topics

World Markets

Latest Markets Videos

    Reuters

    Reuters, the news and media division of Thomson Reuters, is the world’s largest international multimedia news provider reaching more than one billion people every day. Reuters provides trusted business, financial, national, and international news to professionals via Thomson Reuters desktops, the world's media organizations, and directly to consumers at Reuters.com and via Reuters TV.

    Learn More