Argentina has a record of recessions in Latin America

Maria Eloisa Capurro and Barbara Briceno

10-20-2023 19:22

Argentina, which has a long history of drastic economic swings resulting from weak and inconsistent policies, is in recession for the sixth time in a decade, with inflation close to 140%.

A 2018 study by the World Bank revealed that between 1950 and 2016, The nation spent about a third of the time in recession, more than any country in the world except the Democratic Republic of the Congo.

The IMF once again asks for a “credible” plan and doubts dollarization

The economy is expected to contract again this year, according to the IMF and analysts surveyed by Bloomberg. If these projections are met, the economy will have contracted in almost half the years since 1980.

©2023 Bloomberg LP


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