Sunday, August 14, 2022

IMF warning to Argentina: reducing inflation must be an “absolute priority”

It should be noted that private estimates speak of an inflation floor of 70%, while others venture that Argentina could reach 100% this year. In fact, it has been estimated that July inflation could be closer to 8%, while August shows an increase in both rates and the dollar, leading to speculation that this value could also be closer to 5%/ 6%.

In this sense, Gaurynchus insisted that “Of course, reducing inflation in a more stable macroeconomic environment should be an absolute priority for the country.” And I have doubts about it “If the policies implemented so far are really going to achieve this. Without a doubt, this is the issue that needs to be addressed.” He added. In this framework, it is explained that the first concept of minister, sylvina batakisowhich is in the United States, were in the sense of “maintaining fiscal discipline” and the statement issued by Kristalina Georgieva yesterday, the chief observed “Preliminary efforts to strengthen fiscal stability.

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whereas cue petya koeva brooks, Deputy Director of the Department of Studies, I highlightstrong increase in activity and confirmed that I don’t know “Revise forecast” For Argentina, that is why the growth rate remains 4% this year and 3% for 2023.

However, I expect these topics to be Discussed with “employees on second review occasion” Which will happen in September.

Inflation was one of the topics that dominated the conference, along with skepticism about the state of energy and global growth on the occasion of the presentation of the IMF’s World Economic Outlook.

body reduced by about half a point (0.4%) Its global growth forecast is 3.2%, according to data from the World Economic Outlook report (Word Economic Outlook) released this Tuesday in Washington. But, at least in this report, the fund does not anticipate that we are facing a recession.

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