Monday, February 6

The BCRA will release the GDP and inflation estimates for December

Meanwhile, the consensus of the consulting firms suggest that GDP will grow this year by about 9.5%, which will allow to recover a large part of the 9.9% lost in 2020, when the quarantine was imposed to combat Covid-19.

For example, the Orlando Ferreres y Asociados consultancy reported last week that the general level of economic activity registered a growth of 7.3% year-on-year in November, and rose 1% compared to October, so the accumulated for the eleven Months of the year presented an advance of 9.5%.

In mid-December, the Minister of Economy, Martín Guzmán, anticipated that the GDP will grow this year “above 9%.”

“We see an economy that is going down two tracks: on the one hand there is the real economy, with strong progress; on the other, a financial economy that does not reflect the reality that is being experienced in terms of the Argentine recovery, with bond prices that they do not reflect in any way the capacity of the Argentine economy to generate income in foreign currency, “he said in a meeting with authorities of the Russian Sovereign Fund for Direct Investment (RDIF) and businessmen from that country, which was held at the Bicentennial Museum.

Regarding prices, Guzmán recalled that from the Government “we maintain the objective of inflation reduction; it is important to be able to agree with the private sector a scheme of ‘careful prices’ that function as one more anchor in the formation of expectations to beat the inflationary process “.