Argentina set for stronger-than-expected rebound-IMF

WASHINGTON, April 11 (Reuters) – Strong demand in Brazil
and Latin America have created the conditions for a
stronger-than-expected economic rebound in Argentina, an
International Monetary Fund official said on Monday.

“As far as growth is concerned, we are seeing a stronger
rebound in Argentina than what we had expected, partly driven
by very buoyant demand in the region including in Brazil,” IMF
economist Jorg Decressin told reporters.

However, he said Buenos Aires needs to change some policies
to be in stronger shape to withstand future shocks.

“Over time we believe that policies in Argentina will need
to become somewhat less pro-cyclical than they are right now to
rebuild policy space for the future. And if that happens then
the economy will also be in good shape to weather new shocks,
if and when they arrive,” Decressin said.
(Reporting by Doug Palmer; Editing by James Dalgleish)

Argentina set for stronger-than-expected rebound-IMF