OECD: Inflation in Argentina could reach 250.6% in 2024

The growth of consumer prices in Argentina in 2024 could be recorded at a whopping 250.6 percent. The Vedomosti newspaper shares the relevant information. Journalists referred to the forecast of analysts collaborating with the Organization for Economic Cooperation and Development (OECD).

At the same time, to date, the estimate given by experts has turned out to be 93.5 percentage points higher than the previous forecast, which was published in November 2023. Analysts justified the revision of their past conclusions due to “weak macroeconomic policy settings in the past.” At the same time, against the background of record growth in the cost of goods, the total volume of production in the Latin American country may fall by several percentage points, and GDP may decrease by 2.3 percent. All this could happen by the end of 2024.

At the same time, experts predicted that the colossal rise in prices in the state will begin to gradually stop after large-scale economic reforms carried out by the current president of the country, Javier Miley, begin to take effect. Against this background, inflation in Argentina could drop to 64.7 percent in 2025, according to the Economic Outlook report.

Previously Public News Service reportedthat deputies of the Argentine Congress expressed support for the adoption of bills that were proposed by the country’s President Javier Miley, after the exclusion of some controversial provisions.

Message OECD: Inflation in Argentina could reach 250.6% in 2024 appeared first on Public news service.

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