15.09.2023
Fortuna Magazine

The economy awaiting the first round

Massa's administration is becoming increasingly complicated with a very high exchange rate gap, dwindling reserves, and, as a new development, double-digit inflation linked to the post-PASO devaluation. October's inflation could reach at least 11%. Double-digit inflation may be repeated in the last quarter due to the electoral uncertainty that will affect the parallel dollar market. Compensatory measures are partial, mitigating the costs of the devaluation, but they do not address the drop in income. There is a new nominal exchange rate of $350 per dollar, which will most likely be modified after the October elections or, at the latest, in November.

 

 

Repercussions in other media: BAE (print edition), norteenlinea.com.ar, pilarproductivo.com.ar

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