The central bank published this Friday the figures of the Survey of Market Expectations (REM) where different economic consultants participate. The information disclosed is not at all promising since, despite the progress made in the negotiations with the International Monetary Fund (IMF), the consultants raised by 2.2 points, to almost 58%, the projection of inflation by 2022.
There are regarding 40 professionals and research centers that participate in the survey carried out by the BCRA. From the forecasts is that the best ten are qualified. The report revealed that, during this year, the cost of living will become more expensive by 57.9%.
The data is not promising for the Government, from where they trust that the economic situation will become more dynamic following the steps in favor of an agreement with the IMF.
In any case, when the 39 processed results are averaged, the average shows that the inflation for 2022 will be at 55%, 0.2 points more than in the previous measurement. Regardless of the percentages, the concern is not being able to twist expectations inflationary.
Secretary of Commerce, Roberto Feletti, acknowledged that the Government “was losing the battle once morest food prices”, admitting that the controls are not giving the expected results. The official further admitted that the inflation January will be equal to or greater than that of December (3.8%), a figure shared by the broad group of consultants.
Meanwhile, the forecast for economic growth had a slight variation of 0.1 points, to 3%, for 2022.
Regarding the exchange rate, the result of the survey marks a value of $160 for the official exchange rate at the end of 2022.
In another order, they estimated a BADLAR rate of 38% per year, rising to 40% by the end of this year.
Regarding the labor market, they projected a rise in the unemployment rate to 8.7% in the first quarter of this year ( once morest 8.3% in the fourth quarter of 2021) and 9% for the second. Finally, they expect two quarters with a fall to end the year at 8.6%.
