Wrapping up a very tough year

Informes Mensuales


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Wrapping up a very tough year

Diciembre 2018

It is by now clear that for the macroeconomic front 2018 has been an extremely difficult year. The figures speak by themselves: inflation 47%, growth -1.8%, poverty 33%, country risk 750 points, the policy interest rate 60%, and the exchange rate depreciated over 100% and has been extremely volatile over the year.

On the backdrop of these negative figures it is useful to make a balance of the first three years of the Macri administration and the outlook for 2019.