Analysts are offering a more positive outlook for Argentina’s stuttering economy.
Ahead of the official figures for February inflation, experts consulted by the Central Bank are forecasting 15.5 percent for January and 210.2 percent for the whole year.
The predictions, detailed in the Central Bank’s latest REM (Relevamiento de Expectativa de Mercado) survey of market expectations, are a drop of 2.2 points on previous forecasts while the annual inflation projection dips 16.9 points from 227 percent.
As for this and future months, they project 14.3 percent for March, 12 percent for April and 10 percent for May with inflation finally reaching single digits in June at 8.5 percent, remaining in that territory in July (7.8 percent) and August (seven percent).
The specialist forecasts are in-line with the diagnosis of the Javier Milei government. Both the President and Economy Minister Luis Caputo have anticipated last month’s inflation to be around 15 percent.
As for the next few months they tip 927.80 pesos for April, 1,010.60 pesos for May, 1,111.50 for June, 1,191.60 for July and 1,273.90 for August. The jump between March and April would thus be 9.7 percent, almost five times the current devaluation of the Central Bank.
SOURCE: www.batimes.com.ar