Economics

Argentina’s Economists Warn of Deeper Slump as Crisis Escalates

Central bank’s REM survey shows estimates revised down
Inflation projected to be higher, while peso expected to fall

Pedestrians walk past a currency exchange in Buenos Aires on Sept. 2, 2019.Photographer: Erica Canepa/Bloomberg

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By Jorgelina Do Rosario and David Biller

September 4, 2019 at 1:58 PM UTC

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Argentina’s escalating financial crisis is prompting economists to replace forecasts for a rebound in growth in 2020 with predictions of a third year of contraction.