The IMF lowered Argentina’s economic outlook, predicting Argentina’s GDP to decrease by 2.8% in 2024, worsening from a 1.1% drop in 2023, amidst soaring inflation. Local bank analysts forecast a 2.6% shrinkage in 2024, whereas the IIF in November projected a 1.3% downturn. This decline, partly due to short-term inflation spikes and price realignments, is also influencing Latin America’s overall growth, with the IMF predicting a regional growth of only 1.9% for 2024, a drop from the previous year’s 2.5%. However, a rebound is anticipated in 2025, with a projected 5% growth for Argentina.