The Week at a Glance

Argentina: Deficit and inflation in 2021

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The monthly survey of market expectations carried out by the Central Bank among 42 economic teams revealed that the median of the responses is 50% inflation for next year. If the most optimistic and pessimistic 10% are excluded from the sample, the range of responses varies between 39.6% and 57.8%. This means two things. Firstly, absolutely nobody believes in the national budget forecast of 29%, not even the official banks that participate in the survey. Secondly, next year's inflation will still be higher than in 2020, even for optimists. At Econviews we believe that inflation will b
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