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For Fitch, Argentina's GDP will fall 2.5% and inflation will exceed 40%

For Fitch, Argentina's GDP will fall 2.5% and inflation will exceed 40%

The rating agency US Fitch Ratings predicted a 2.5% decline for Argentina's economy in 2018, with inflation reaching more than 40% per annum in December.

The company was founded by John Knowles Fitch believes that the New negotiations between the Argentine government and the International Monetary Fund (IMF) reflect proactive attempts to mitigate short-term financing risks and reduce financing needs.

The agency said, however: there is a looming economic recession and political challenges for budget saving which entail risks for the country's budgetary outlook and the financing program.

"These factors will be crucial to the sovereign credit rating by Fitch," The office kept an analysis of the economic, political and financial situation of Argentina.

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