If the IMF is not realistic on inflation, then thirty plus private Independent economists surveyed by the BCRA are also wrong when they project that monthly inflation of 5-7 pct in sept and oct drops to 3-4 pct or less in November and December.
5) Meanwhile, it’s not clear the #IMF’s expectations for long-term decelerating inflation, and falling interest rates, are realistic. The September inflation, propelled by peso depreciation, was worrisome, and salary negotiations threaten a continued wage-price spiral.
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