The International Monetary Fund projected a drop in the economic growth of 3.4% and the World Bank of 2.9%.
The IMF forecasts that this year unemployment will reach 8% of the population, and considers that in 2021 the rate will return to 4%, according to the World Economic Outlook report published last Tuesday. The inflation rate will be 2.3% this year and 4.4% in 2021.
The World Bank, for its part, projects a fiscal deficit of 8% this year, 5.6% in 2021, and 3.6% in 2022. Public debt as a percentage of Gross Domestic Product (GDP) will reach 69.2% in 2020, in 2021 will be 70.1% and in 2022 will fall to 69.5%.