24hoursworld

City gurus release projections for the dollar, inflation and GDP

City gurus release projections for the dollar, inflation and GDP
City gurus release projections for the dollar, inflation and GDP

The latest REM will be released today, which includes the average inflation projection for 2024, the official dollar, and the Gross Domestic Product.

City gurus release projections for the dollar, inflation and GDP

NA

This Thursday it will be announced the latest REM of the BCRA in which City analysts will present the projections dollar, inflation and GDP.

In the last projection, which was made during the last days of May, they predicted that the consumer price index (CPI) will close 2024 with a year-on-year increase of 146.4%that is, 15 points less than in the previous survey.

The consensus of City economists had revealed that inflation will stagnate above 5% for the next four months. and will remain at high levels for the rest of the year.

Specific, The median inflation projection is 5.5% for July (same level as for June), 5.2% for August, 5.3% for September, 4.6% for October and 4.5% for November.

Regarding market expectations for the official exchange rate, Projections for the next two months appear aligned with the continuation of the 2% crawling pegAccording to the REM, the dollar would be at $923.1 for the average of July.

That would be followed by a slight acceleration to $951.9 in August and a more pronounced rise (5.5%) to $1,004.6 in September.

Source: Ambito

Leave a Reply

Your email address will not be published. Required fields are marked *

Latest Posts

Severe fires rage in northern Sardinia

Severe fires rage in northern Sardinia

Every summer, serious fires occur in Italy (archive photo) A forestry helicopter assisted ground teams in extinguishing a fire that broke out on Saturday in