Argentina: inflation projections take turn for the worse

Saturday, April 8th 2023 - 10:13 UTC

Full article 4 comments

Leading Argentine economists foresee the country's inflation in 2023 might reach 110%, a 10.2 % increase from previous projections, it was explained in Buenos Aires. The projection thus reached three digits for the first time since the REM was implemented. Read full article

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Pugol-H
Inflation currently running at 110%, heading towards 113.3%, with GDP falling by 2.7%.

With the worst drought in 60 years seriously impacting agricultural production, which is one of Argentina’s main sources of hard currency, where the value of the Peso has dropped to almost worthless, which ever exchange rate you use and there are a few to choose from.

Did I miss anything?

Obviously if they spent more money, time and effort trying to annex British Territories in the S. Atlantic/Antarctic and were successful in that endeavour, all this would magically disappear.

Like Nuns over the S. Atlantic.
Apr 08th, 2023 - 01:53 pm - Link - Report abuse +4
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imoyaro
Come on now, things are looking up!
Apr 09th, 2023 - 01:07 am - Link - Report abuse +3
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Brasileiro
Chicureo, benvenido de volta!
Apr 09th, 2023 - 01:33 pm - Link - Report abuse 0
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Chicureo
Pugol

I personally understand the sad problem of the drought of our neighbor. Fortunately we've been spared our valley suffering lack of snowfall.
One particular advantage of the Argentine Peso is the cost bargains that can be obtained in Mendoza.

Brasileiro, thanks for your welcome...
Apr 12th, 2023 - 07:56 pm - Link - Report abuse 0
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