Day: November 18, 2019

Companies expect 20% to 50% devaluation in 2020

Supermarkets and mass consumption companies with a high level of import project an average dollar during 2020 at 75 pesos which means a devaluation close to 20%. The bulk of the companies start from an average dollar value of 80 pesos and there are scenarios of some 50% devaluation in some other companies.