Como era de esperar el Directorio del Fondo aprobó la revisión del programa de Argentina, aunque dejó en claro que Massa incumplió todas las metas. El FMI aplaude el esfuerzo fiscal que promete el...
Wrapping up a very tough year
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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.