Historic drought adds to Argentina’s economic woes ...Middle East

News by : (Daily Sun) -
LIMA: Argentina's already fragile economy is now taking a beating from nature, as the worst drought in almost 100 years decimates critical soy, wheat and corn production.Soy and wheat crops were halved this year, while corn yield was cut by more than a third, according to official projections, slashing Argentina's exports in a sector crucial for the public purse.Adding to inflation of nearly 100 percent year-on-year and a burdensome debt of $44 billion with the International Monetary Fund (IMF), the drought could not have come at a worse time for Latin America's third biggest economy.What’s more, “the true situation will only become clear once the harvesters enter the fields,“ agronomist Jai

Hence then, the article about historic drought adds to argentina s economic woes was published today ( ) and is available on Daily Sun ( Middle East ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.

Read More Details
Finally We wish PressBee provided you with enough information of ( Historic drought adds to Argentina’s economic woes )

Last updated :

Also on site :

Most Viewed News
جديد الاخبار