The government is closely monitoring the price of the blue dollar, which jumped $2 on Tuesday and closed at $357, a value that equaled its December 28 record, as it seeks to avoid foreign currency bleeding and swell the central bank reserves.
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The blue dollar is trading at $357
The US currency was up $2 in the parallel market on Tuesday and is trading at $353 for buying and $357 for selling.
A barely growing economy and high inflation: the ingredients of the polls in 2023
In line with the World Bank document, ABECEB also forecasts a challenging 2023 scenario for the Argentine economy, with high inflation (80/85% annually vs. 95% in 2022) and a sharp slowdown in growth from 5 .5% in 2022 to about 1% this year.
This stagnation is part of a more unfavorable global context since 2023 is expected to be the year with the lowest growth in the last three decades (after the 2009 subprime crisis and the 2020 pandemic) and a conditional domestic scenario from the accumulation of structural imbalances and weaknesses and the political cycle that preceded the presidential elections in October. Read more here.
Source: Clarin