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Milei's Team Sees Argentina Inflation Slowing Faster Than Economist Survey.
In: Bloomberg.com, 2024-04-24, S. N.PAG
Online
serialPeriodical
Zugriff:
Argentine President Javier Milei's economic team predicts that monthly inflation will slow down faster than analysts expect, with a forecast of 3.8% by September compared to analysts' prediction of 6.2%. The team also projects a smaller contraction of the economy, at 2.8% compared to the 3.5% predicted by analysts. These projections were presented to foreign investors during a trip to Buenos Aires. However, the Economy Ministry has stated that these projections are not official as they were not published online and in Spanish. The report also outlines Milei's austerity measures, including significant spending cuts and a reduction in federal funding for universities. The team predicts an $18.7 billion trade surplus and a 17% decrease in the peso's real exchange rate. The central bank's presentation details projections for net international reserves, which currently stand at negative $4.2 billion. The IMF's methodology for calculating net reserves is uncertain, and it remains to be seen if they will include the central bank's new debt liabilities. [Extracted from the article]
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Milei's Team Sees Argentina Inflation Slowing Faster Than Economist Survey.
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Autor/in / Beteiligte Person: | Doll, Ignacio Olivera |
Zeitschrift: | Bloomberg.com, 2024-04-24, S. N.PAG |
Veröffentlichung: | 2024 |
Medientyp: | serialPeriodical |
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