A recent World Bank report noted that Argentina’s medium-term economic prospects are “moderate” given the “vast reserves of natural resources and sound social indicators”. In the short-term, however, the World Bank predicts a “prolonged slowdown” and warns that around a third of the country’s population risks falling into poverty if faced with continued adverse economic conditions. While the legal dispute between Argentina and its holdout creditors has reached an impasse, the economic situation in the country is deteriorating inexorably.End of preview - This article contains approximately 692 words.
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