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.
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@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).Show this thread
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
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