VOICED : Argentina: 2 dias para salvarse del default

Argentina faces a critical deadline to reach an agreement with hedge funds to avoid default. Officials are traveling to New York to negotiate with a mediator appointed by a US judge, who demands a $1.33 billion payment. Despite government assurances of stability, experts predict a potential default could lead to a 3.5% GDP drop, over 40% inflation, and a 4% consumption decline by year-end.

What is the consequence if Argentina fails to reach an agreement with the hedge funds?

• It will receive a bailout from the IMF.

• It will default on its payments.

• It will increase its foreign reserves.

• It will enter a trade agreement with the U.S.

Who is the mediator appointed by Judge Thomas Griesa to facilitate the agreement?

• Axel Kicillof

• Jorge Capitanich

• Thomas Griesa

• Daniel Pollack

What amount is Argentina required to pay to the hedge funds according to the court ruling?

• $1.33 billion

• $500 million

• $3 billion

• $2 billion

What did the Minister of Economy, Axel Kicillof, assure about the situation on July 30?

• The economy will collapse.

• Inflation will decrease.

• The GDP will increase.

• Nothing significant will happen.

What economic challenges do experts predict for Argentina by the end of the year?

• A GDP drop of 3.5% and inflation over 40%

• A consumption increase of 4%

• Inflation below 20%

• A GDP increase of 3.5%