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...
The Steps of Inflation
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The Steps of Inflation
First week
December 2019
Inflation in Argentina is endemic. With the exception of the Convertibility period, we have been dealing for over 15 years with a “stepping” inflation, which went from a step that averaged 10% in 2003-06, to 20% in 2007-13, to 30% in 2014-17, and now 50% in 2018-20. The latest estimations for November show a new upward trend toward the 4% to 5% monthly zone, which, again, brings up the problem of how to anticipate this seemingly untamable variable which greatly determines the business climate.