The inflation projections for all of July 2023, published this afternoon by the REM of the Central Bank, located the projection at 140.7%
Inflation: prior to the PASO, City gurus projected a CPI of 140.7% for all of 2023
The inflation projections for all of 2023which was published this afternoon by the REM of the Central Bank, located the projection in the 140.7% (1.7 pp less than the previous survey). Those who best predicted this variable indicated that it will be 140.9%. Regarding the Core CPI, REM participants placed their forecasts for 2023 at 142.2%.
Like every month The study details the forecasts of institutions, companies, organizations and specialists on the evolution of the main variables of the national macroeconomy, among them, the dollar.
In the survey at the end of July, lREM analysts projected a real Gross Domestic Product (GDP) level for 2023 that would be 2.8% lower than that of 2022, improving the outlook by 0.2 pp compared to the previous survey.
Meanwhile, those who best predicted this variable in the past projected, on average, a reduction of 2.4% in the year. For 2024, the REM participants as a whole estimated a new average contraction of 0.8% yoy
Those who participate in the REM estimated that in the second quarter of 2023 there would have been a level of unemployment of 7.2% of the Economically Active Population (EAP). For the members of the TOP-10, the unemployment rate would have been 7% in the same period.
The group of participants expected a rise in the unemployment rate to 7.3% in the last quarter of 2023 and to 7.7% in the last quarter of 2024.
The report disclosed the results of the survey carried out between July 27 and 31. It included forecasts from 37 participants, including 24 consulting firms and local and international research centers and 13 financial entities from Argentina.
Source: Ambito
