Government projects inflation of 60%, dollar to almost $270 at the end of 2023 and growth of 2%

Government projects inflation of 60%, dollar to almost 0 at the end of 2023 and growth of 2%

The macroeconomic assumptions on which the draft budget was drawn up contemplate a slowdown in economic activity: the GDP would go from growing 4% in the current year to 2% next. In this sense, a lower expansion of investment is expected, which would go from growing 10% in the current year to 2.9% next year. Private consumption would also slow down, going from an increase of 6.5% in the current year to an increase of 2% the next.

This fall would be offset by the expected increase in exports, of 7.1%, against imports that would increase 2% next year. In this way, the trade surplus would go from 7,751 million dollars in 2022 to 12,347 million in 2023.

How much will the dollar be in 2023 according to the Budget

With this objective, it is planned to keep the exchange rate up to date.: It is expected that by next December the official dollar will be at 166.50 pesos per dollar and that it will be worth 269.90 by the end of next year.

In the project it is recognized that inflation will be 95% in the current year, but a deceleration to 60% (end to end) is expected for next year.

Although the projections contemplate an average drop in real wages, income is expected to recover, by 2%, by the end of the year, with an unemployment rate that would remain at 7% of the economically active population.

Source: Ambito

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