*Argentina’s central bank (BCRA) has reported that in its latest survey of market expectations (REM), private analysts have revised down their inflation forecast for 2024 to 122.9%, a decrease of 4.75 percentage points from the forecast made in the previous (July) survey. The analysts also forecast monthly inflation of 3.9% in August 2024, up 0.1 percentage points from the previous estimate. However, September’s inflation is projected at 3.5%, down 0.2 percentage points from July’s predictions. Official data shows that Argentina’s monthly inflation rate stood at 4.0% in July, bringing the annual rate to 263.4%. In the REM, analysts also forecast GDP to decline by 3.8% in 2024 compared to 2023, with a recovery forecast to begin in the third quarter of this year.
Back
LatinNews Daily - 6 September 2024
In brief: Analysts cut Argentina’s 2024 inflation forecast
- NICARAGUA: Repression intensifies despite mass release of political prisoners
- VENEZUELA: Opposition facing retaliation for publishing voting tallies
- In brief: Colombia’s Ecopetrol pauses oil production due to protests
- BRAZIL: Government makes progress on indigenous demarcations
- In brief: Brazil’s trade surplus down in August
- In brief: Remittances rise to El Salvador
- MEXICO: Mayor-elect kidnapped in Chiapas
- In brief: Mexico reports job creation in August
- PARAGUAY: Peña launches new strategy against organised crime
- In brief: Analysts cut Argentina’s 2024 inflation forecast