Argentina economy to shrink 12% in 2020 as pandemic batters output: central bank poll

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Argentina economy to shrink 12% in 2020 as pandemic batters output: central bank poll
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Argentina's economy is expected to contract by 12% in 2020, a monthly central bank poll of analysts showed on Friday, worse than the previous estimate of a 9.4% decline, as output is ravaged by measures to tame the coronavirus outbreak.

FILE PHOTO: A homeless woman is reflected in an electronic board showing currency exchange rates, in Buenos Aires, Argentina December 11, 2019. REUTERS/Ricardo Moraes

The central bank poll of 41 analysts projected that inflation will be 40.7% this year. Prices are expected to have risen 2% in June, according to the poll.

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