Monthly

If we could go back in time and try to find a year that looks like 2023 the answer is pretty obvious: 2015.  It was the last year of the Kirchner administration, which was struggling to get to the presidential elections in one piece.  It was fighting a man-to-man battle to defend reserves and avoid devalua...

The economy continues to be in slow motion mode, as there is a gradual deterioration in economic activity, inflation remains relatively stable in the 6.3% range, international reserves dropped but have not collapsed while the parallel exchange rates remain relatively stable. While there are still concerns about one ...

Massa has been almost two months commanding the economy, and the results so far have been mixed, though probably better in some important respects that one could have expected.  The challenges remain large, because they were significant in the first place, especially on the external front (including the exchang...

Batakis takes over the Ministry of the Economy at an extremely difficult time. Reserves are at a critical level, as they just cover less than two weeks of imports, inflation is accelerating, and the parallel exchange rates seem to be out of control.  If we add to these problems a fiscal deficit that far exceeds...