Weekly Report Nº 33: Winter Is Coming
[Activity] A lot of activity data was released this week, with mixed signals. Q1 GDP was released, with a contraction of 4.8% QoQ with just 10 days of COVID lockdown. Investment…
[Activity] A lot of activity data was released this week, with mixed signals. Q1 GDP was released, with a contraction of 4.8% QoQ with just 10 days of COVID lockdown. Investment…
[Debt] Debt talks between the government and bondholders have stalled, and may have derailed. The Treasury exposed their offer to private creditors and their counter-proposals. The average official NPV moved up from…
[Prices] INDEC's May inflation was 1.5%, in line with our expectations (1.6%). Despite the inflation acceleration of late May - see Special Report "Unfrozen Prices" -, June early data is surprising positively, with…
Argentina's economy is stuck in a twin crisis. On the one hand, there is the COVID related shock. April's activity was -20% YoY, the deepest instant contraction in recorded history. The economy is…