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...
Elections and Trash Under the Carpet
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Elections and Trash Under the Carpet
Second week
August 2021
The economy is already in electoral mode. June was a very good month in terms of economic activity, recovering the setback of May and even more. July was not so good from the point of view of the production of goods, but services are going to bring good news with the reopening. The government did or will do everything in its power to boost consumption. The list is long and includes holding up the prices of the dollar, of the utilities, and of the gasoline; bonuses for pensions, reinforcements for social programs and increases in the minimum wage; and the consent of more generous collective bargaining agreement and new income tax cuts, among other measures.