The Summer Ends Without Surprises

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The Summer Ends Without Surprises

Fourth week
February 2021

Contrary to what the turbulent Argentine history of summer crises could foretell, the summer is ending more calmly than expected. The exchange rate spreads fell, the dollar did not jump sharply and activity is on course for a recovery of around 7% in 2021. It is a better outlook than expected a couple of months ago. Clearly in the short term, the glass is half full.