bowtiedmara on Nostr: Argentina 馃嚘馃嚪 overview of the week: - The Government stated before Congress that ...
Argentina 馃嚘馃嚪 overview of the week:
- The Government stated before Congress that it could return to the markets in mid-2025 to issue debt "at reasonable rates." Although the country risk has decreased, it should continue to decrease so that the country can borrow at a rate of less than 10%.
- The dollars from the money laundering remain in the banks: only 10% of the total deposits entered were withdrawn
- Inflation: according to the Fundaci贸n Libertad y Progreso, the end of the PA脥S Tax could reduce the CPI by 0.6 points, although spread between December and January, and would help the Government to speed up the exit from the cepo (fx restrictions)
- The Government issued debt for $5.81 trillion pesos, covered maturities and obtained a surplus of $1.59 trillion pesos, which will go to the BCRA, to pay future maturities.
- The economy will likely drop less than 3% this year, exceeding the forecasts of the IMF (-3.5%) and the Government (-3.8%). The INDEC strongly adjusted the evolution of the economy upwards after the performance of the third quarter and the good data that are coming out this last quarter.
- Argentine companies estimate a salary increase of 48% in 2025, in line with inflation, and anticipate a reduction in the number of salary adjustments to an average of four per year, according to the report on Salary Increase Trends in Argentina (TISA) by the consulting firm Mercer
- Congress approved a project to prevent child gambling, with prohibitions on online betting advertising and requiring biometric verifications to block minors. The Association of Lotteries, Casinos and Quinielas of Argentina rejects the measure.
- Open skies: The Government authorized Paranair, a Paraguayan 馃嚨馃嚲 airline, to operate the Asunci贸n-C贸rdoba route. With this decision, there were a total of four airlines authorized this week.
- The Government stated before Congress that it could return to the markets in mid-2025 to issue debt "at reasonable rates." Although the country risk has decreased, it should continue to decrease so that the country can borrow at a rate of less than 10%.
- The dollars from the money laundering remain in the banks: only 10% of the total deposits entered were withdrawn
- Inflation: according to the Fundaci贸n Libertad y Progreso, the end of the PA脥S Tax could reduce the CPI by 0.6 points, although spread between December and January, and would help the Government to speed up the exit from the cepo (fx restrictions)
- The Government issued debt for $5.81 trillion pesos, covered maturities and obtained a surplus of $1.59 trillion pesos, which will go to the BCRA, to pay future maturities.
- The economy will likely drop less than 3% this year, exceeding the forecasts of the IMF (-3.5%) and the Government (-3.8%). The INDEC strongly adjusted the evolution of the economy upwards after the performance of the third quarter and the good data that are coming out this last quarter.
- Argentine companies estimate a salary increase of 48% in 2025, in line with inflation, and anticipate a reduction in the number of salary adjustments to an average of four per year, according to the report on Salary Increase Trends in Argentina (TISA) by the consulting firm Mercer
- Congress approved a project to prevent child gambling, with prohibitions on online betting advertising and requiring biometric verifications to block minors. The Association of Lotteries, Casinos and Quinielas of Argentina rejects the measure.
- Open skies: The Government authorized Paranair, a Paraguayan 馃嚨馃嚲 airline, to operate the Asunci贸n-C贸rdoba route. With this decision, there were a total of four airlines authorized this week.