How much will end the dollar and inflation this year, according to consultants – 13/03/2019

For private consulting firms, inflation will end at 30.7% at the end of the year, the dollar will reach $ 47.71 and economic activity will have a contraction of 1.1%.

As published The nation, the figures are derived from the last monthly report of Focus Economics Consensus Forecast LatinFocus, which badyze different economic indicators from private measures.

With regard to inflation, the consultants predict that this year, the decline is due to the adjustment of monetary conditions, will bring the CPI to 30.7% by the end of 2019 and 29.8% next year.

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In the previous edition of the report an IPC of 28.8% was estimated, but now "inflation has unexpectedly risen in January due to rising food prices and regulated prices."

In addition, according to the report, it is expected that the dollar ends the year at $ 47.71 and rises to $ 55.21 in 2020. This projection is similar to that of the February report, which estimated the exchange rate for this year at $ 47.53.

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For the badysts of LatinFocus Consensus Forecast, the economy will shrink by 1.1% in 2019, a decrease of 0.1 percentage point in the projection compared to the previous month. By 2020, however, an increase of 2.5% is estimated.

"The economy is expected to come out of recession gradually this year. Inflation and rates will weigh on consumer spending and investments. However, the reduction in domestic demand will lead to a significant reduction in the current account deficit, "the report concluded.

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