Weekly

There was a significant deterioration in external and fiscal accounts in September. Other negative data, such as monthly inflation, which exhibited its highest value for September since 1991, seemed trivial in comparison. Although the definitive external and fiscal account figures have not yet been released, Centr...

The last economic activity figures published by INDEC show that the economy grew 8.3% in Q2 and accumulated a 5.8% expansion in the first semester. That is, according to official data, Argentina is still growing “Chinese rates”, like in 2003-2008. Employment, however, is suffering a different fate: according to th...

It is well known that in the last year the Budget for each fiscal year always underestimated revenues and fiscal expenditures in order to grant the Government discretional use of the exceeding resources. This underestimation allowed it to control billions of pesos outside the Budget. This year those resources will a...

These days the Central Bank will publish its Income Statement for 2012, where it will announce approximately US$ 32 billion in profits, which will be transferred to the Treasury throughout this year. In fact, AR$ 7 billion were already transferred in the first five months. Thus, there remain an additional AR$ 25 bil...