Rafael Aguilar

( 29 mins read ) Editorial: Emission, the Great Danger for the Second Semester Argentina is heading towards a primary deficit which, being conservative, will reach 5.5% of GDP but could be higher, depending on factors such as assistance to

( 12 mins read ) Editorial: Unnecessary Noise The announcement that Vicentín was being expropriated made a lot of unnecessary noise in the economy. This could complicate both the short-term and medium-term outlook, the former because it could affect the

( 37 mins read ) Recent Developments COVID-19: 85% of the country has normalized activities with social distancing recommendations (with the exception of tourism, massive events and inter-jurisdictional transport, which are not allowed). In the case of the Metropolitan Area,

( 19 mins read ) 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.