Credibility, the Biggest Deficit

Weekly  Reports

 

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Credibility, the Biggest Deficit

Second week
July 2022

The government is battling almost unarmed in the peso and dollar markets. On the dollar side, it imposed further restrictions on imports that not only threaten to paralyze the economy, but are also largely responsible for the jump that inflation will show in July to at least 7%, although we do not rule out that it could be higher. The situation is not sustainable, and it is also not helping the Central Bank to accumulate dollars. Some of the ones it got two weeks ago have already been lost.