The efforts to avoid adjustment might work until the elections, and then what?

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The efforts to avoid adjustment might work until the elections, and then what?

March 2021

The current economic situation raises two important questions. Firstly, can the government continue to muddle through until the October elections as it did in recent months? In other words, can it keep inflation under control, avoid a new acceleration of the parallel exchange rates and maintain the current growth momentum going? Secondly, and if the economy gets to the elections in one piece, the question is how will the government be able to address the imbalances that will continue to build up during these months (at least until October), and correct them to avoid a new economic crisis?