With each passing week the feeling that the Argentine economy is approaching the one we experienced in the eighties cannot be avoided. It does not mean that the situation will be exactly the same nor...
Slow burn
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Slow burn
Third week
August 2022
Last week Sergio Massa made his first important announcement for macroeconomic policy. Despite a striking lack of clarity, the first steps were taken to advance in the reduction of energy subsidies. As the new secretary herself pointed out, the savings in 2022 will be scarce since high inflation caused subsidies to increase a lot, and rates are set in almost prehistoric pesos.
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