IMF: Argentina set for stronger-than-expected rebound

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.

"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.