Economists see April inflation between 3.5% and 4%

After the inflationary lunge of March, when the retail price index rose to 4.8%, April is presented with an inevitable deceleration, although lower than official expectations: economists foresee increases above 3.5% and in some cases, closer to 4%. Thus, the first four-month period would close with an increase of more than 16%, considering that the first quarter has already accumulated an increase of 12.9%, which is almost double the same accumulated period of last year (7.7%) before the outbreak of the pandemic.

Government to pay $300 million to the IMF next week

The Government will pay next week to the International Monetary Fund (IMF) some $300 million correspondingly to the Stand-By program's interest maturity. It will be the second payment that the country will make this year, while the negotiation of the new program to refinance around $45 billion owed continues. Between the Fund and the Paris Club, the commitments total $7.6 billion in 2021, but the country is seeking to reschedule the principal maturities.

The economy fell 1% in February

Economic activity fell 2.6% in February on a year-on-year basis, while compared to January, the decline was 1%, thus cutting a streak of nine consecutive months of growth. It was reported yesterday by INDEC, which highlighted that the Monthly Estimator of Economic Activity (EMAE) accumulated in the first two months of the year a decline of 2.4%.