Economist specialized in Economic Development, Strategic Marketing and International Markets. Professor at the University of Belgrano. Member of the Liberal Network of Latin America (RELIAL) and Member of the Institute of Ethics and Political Economy of the National Academy of Moral and Political Sciences.
EL LIBERAL: According to Agustín Etchebarne, “I don’t see any government measure that would lower inflation to 3% per month. I see the opposite: a risk of a new inflationary jump. As the Vice Minister of Economy himself says, we are flirting with hyperinflation”.
According to economist Agustín Etchebarne, an inflation scenario for 2023, with “a 3 ahead” as Minister Sergio Massa said this week in reference to a drop in monthly inflation to that digit, looks very difficult in the current context. “People are getting rid of pesos faster and faster and this fall in the demand for money amplifies inflation,” said the analyst from Fundación Libertad y Progreso.
Furthermore, he added that “the fiscal deficit will probably exceed 4% of GDP and with the accumulation of debt maturities in the third quarter of next year, it is more feasible to estimate an inflationary devaluation jump that can keep inflation in three digits for the next year, doubling or tripling the budget estimate”.