Por Miguel A. Kiguel
Todos sabemos cómo funciona el cepo, y hemos aprendido a vivir con tasas de interés reales negativas, a usar el dólar Contado con Liqui para eludir los controles...
Elasticity helps understand consumption better
Weekly Reports |
Back to
Back to :
Elasticity helps understand consumption better
Fifth week
August 2017
Consumption data causes certain confusion. While construction, industry, car sales and other durables, and the economic activity are growing at different rates compared to one year ago; retail sales in supermarket and shopping centers are not able to put an end to their drops. These numbers draw even more attention when VAT-DGI revenues as well as the wage bill (which combines the evolution of wages with employment) show positive real variations after being adjusted by inflation. Private consumption represents two-thirds of GDP. If the economy continues to grow as it has been doing so far, therefore consumption must be growing as well.
Other Reports that may be of interest
 |
 As expected, the Fund's Board of Directors approved the review of Argentina's program, although it made it clear that Massa failed to meet all goals. The IMF applauds the fiscal effort promised by... |