Argentine inflation: Virtual reality

Argentine inflation: Virtual reality With politics again sparring with mathematics, Argentina’s Minister of Economy and Finance Alfonso Prat-Gay told the annual assembly of the Latin American Federation of Banks in Buenos Aires last week that in the last three months inflation has stood at 1.3 percent per month which, projected to the end of 2017, would translate to about 16 percent per year. But what he avoided saying to a mainly foreign audience is that forecasts anticipate 2016 inflation – the first year of operations for his economic team – would be around 40 percent, Latin Trade reports. Mexico ready to discuss NAFTA with Trump Mexico is willing to discuss the North American Free Trade Agreement (NAFTA) with U.S. President-elect […]

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