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Argentina Minister Guzmán signals faster than expected economic recovery in 2021

RIO DE JANEIRO, BRAZIL - Argentina’s gross domestic product will grow at least 7% this year, Economy Minister Martin Guzmán said on Tuesday, March 16th, signaling a faster than previously expected recovery after three years of recession exacerbated last year by the COVID-19 pandemic.

The new economic growth estimate is above the 5.5% foreseen in the government’s budget. Latin America’s No. 3 economy shrank 10% in 2020, weighed down by a lockdown against the coronavirus and uncertainty over the policies of left-leaning President Alberto Fernández, who took office at the end of 2019 . . .

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