Investor Uncertainty Will Extend Recession In Argentina

• Fitch Solutions' forecast the Argentine economy will remain in recession through 2020, as high inflation erodes consumption and a lack of access to capital markets halts undermines commercial activity and investment.
• While it is expected that incoming President Alberto Fernández will pursue a relatively moderate economic policy mix and seek accommodation with key sectors, policy uncertainty will weigh on economic activity.
• Fitch maintains its forecast for real GDP to contract 2.6% y-o-y in 2019 and 2.7% in 2020.

(Source: Fitch)