Mariela Díaz Romero is a senior economist at Econviews. She holds a degree in Economics from the University of Buenos Aires (“Cum Laude” distinction) and a Master’s degree in Applied Economics from the University Torcuato Di Tella.
( 4 mins) The International Monetary Fund mission left Argentina last weekend. The official statement published on Friday by the Washington-based organization suggests that an agreement between the two parties is still distant. In its very particular language,
( 2 mins) • The Government was successful in lowering the FX spread from a peak of nearly 150% in mid-October to 85% by early November. To do this, it relied on selling dollar bonds at 16-17% yields
( 17 mins) Press play to listen Editorial: Urgent Need for a Stabilization Plan The parallel dollar hitting 167 pesos set off all the alarms once again. The rumor mill prior to a long weekend anticipated new measures.
( 24 mins) Press play to listen The Fragility of the Labor Market and Its Social Consequences Unemployment data showed the fragility of Argentina’s social scheme very clearly. Unemployment climbed to 13.1% a lower figure than expected by
( 12 mins) The Super Cepo outshined the Budget In another country this weekly editorial would inevitably be about the Budget. The Bill was presented last week. It has a realistic activity expectation, a too-high deficit, and a
( 9 mins) No Magic without Credibility for Argentine Bonds The debt restructuring has become a reality. Argentina will have almost no financial pressure for the next 5 years, well into the following administration. The deal with the
( 14 mins) Press play to listen Good Closure for the Debt: Now Comes the IMF Argentina successfully closed a very important chapter in its prolific economic history. It is solving its ninth default, practically with no skeletons
( 18 mins) In Argentina, the feeling is that we hit rock bottom in April. Cement production, CAME’s sales, new vehicle registrations, Debits and Credits Tax revenue, and the recent PMI made by UADE all show better results in May than in April. The ongoing quarantine poses some limitations on activity improving during the coming weeks, but anyhow we expect the trend to stay positive.