A Soft Transition to the Elections: The Calm That Precedes the Storm?

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A Soft Transition to the Elections: The Calm That Precedes the Storm?

Junio 2021

It seems that the government has enough instruments to maintain key economic variables under control until the elections.  The official exchange rate should be manageable and avoid a steep devaluation, the government should be able to rollover the domestic debt, inflation could remain within predictable bounds and economic activity is likely to recover in the third quarter reflecting the larger mobility as the population gets vaccinated and the government relaxes the lockdown.  It seems that the government can avoid a crisis on the way to the elections, which, by the way, are not going to be irrelevant.