Emission, the Great Danger for the Second Semester

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Emission, the Great Danger for the Second Semester

Fifth week
July 2020

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 the private sector through relief programs for the pandemic effect. It will also depend on how much subsidies on energy grow and whether pensions and public wages lose their value due to inflation.