If we could go back in time and try to find a year that looks like 2023 the answer is pretty obvious: 2015. It was the last year of the Kirchner administration, which was struggling to get to the presidential elections in one piece. It was...
The new administration is moving very quickly to establish a new policy regime that addresses the main obstacles that have been affecting investing and growth.
GDP grew 1.7% in the third quarter s.a. related to Q2 and 5.9% year-on-year. From the demand side, investment showed an increase of 14% (Q3 2022 vs Q3 2021), followed by private consumption with 10.2%.
The Fed slowed the hike of its funds rate to 50 basis points in December, leaving it at 4.25-4.5%, but by 2023 it is expected to be above 5.25% for some time.
