1. Inflation might hit 30% this year in #Argentina thanks to the rapid peso depreciation, @Citi estimates in a new research note. (That would be double the official target, and higher than last year's 25% rate.)
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2. The high inflation would lower real wages and pensions, @Citi notes, and depress consumption. (That compounds economic headwinds from drought and high interest rates.) But @Citi analysts say #Argentina's economy will still grow this year, albeit slowly (1.4%).
7:38 AM - 22 May 2018
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