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So far, @fedesturze's tight monetary policy has not been enough to recover from inflationary Kirchner policies (public spending as a proportion of GDP increased from 23% in 2003 to 42% in 2015,) @itau says.
The @BancoCentral_AR's inflation targets (17% for 2017, 12% for 2018) are unrealistic, @itua says in a new report. But on the bright side, @itua analysts say, case studies show that beating inflation does not have to dampen economic growth (though sometimes a recession helps).
The latest @BancoCentral_AR survey has heightened inflation worries. Inflation expectations for this year increased to 23.5% from 23% in October, and rose to 16.6% for 2018, up from 16%, according to a note from @itau. #ArgentinaProject
...and it has flattened out the recovery from the 2015-2016 recession.
In 2015 inflation was 24%. In 2016 was 42% and this year is going to be around 24 again. But now we have an increasing debt taken to attend the current deficit situation that this administration didn't solve... even more, get it worse
By the way, wages increases were always above any inflation rate during the period 2003-2015. We can't say the same for 2016-2017
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