The first edition of the year Survey of Market Expectations (REM) of the Central Bank yielded as a result that economic consultants expect inflation of the 97.6% by 2023, 0.9 percentage points below the previous month’s surveyand a GDP growth of 0.5%, No changes compared to December.
Analysts estimated monthly inflation of 5.6% for January 2023, a figure that INDEC will report on February 14. For the next few years,REM participants revised inflation forecasts, placing them at 79.6% yoy for 2024 (4.6 pp higher than the previous REM) and 50.3% yoy (-0.8 pp) for 2025″.
Regarding GDP, the REM expects for 2024 an average annual growth of 1.0%, which implies 0.4 pp less than in the December survey.
The report came out a day after the Central Bank approved the creation of a new $2,000 bill. The initiative was discussed and approved at the board meeting of the monetary entity, it will carry as images tributes to Cecilia Grierson, considered the first Argentine doctor, the former Minister of Health and a benchmark for Argentine sanitary Ramón Carrillo and an image of the facade of the Institute Malbran.
It is a design that already existed before, so the Government decided to use it to shorten the times for the new banknote to go into circulation, which official sources estimated at “about two months”, although other official offices considered that it could be from the second half of the year.
