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 that in the last three months inflation has stood at 1.3% per month which, projected to the end of 2017, would translate to about 16% per year. “That’s below what we promised we would achieve by the end of next year,” he said. What Prat-Gay avoided saying to the mainly foreign audience is that the projections anticipate that inflation in 2016 – the first year of operations for his economic team – would be around 40%. Curiously, on the same day the minister made his remarks to the bankers, it was announced that […]
To read this post, you must purchase a Business Intelligence Subscription, Business Intelligence - 3 to 9 User Subscription, Business Intelligence - 10+ User Subscription, Insight - 1 Month Subscription, Insight - 3 Month Subscription, Insight - 6 Month Subscription, Insight - 12 Month Subscription, Suscripción de inteligencia de negocios, Inteligencia de negocios - Suscripción de 3 a 9 usuarios or Inteligencia de negocios - Suscripción de más de 10 usuarios.