Categoría: English / 27 de octubre de 2014
Weekly Monytor Nº 119: "Fiscal and trade balance: The disequilibrium increases"
August fiscal balance was worse than expected.
In September foreign trade contracted again, with exports falling 12.1% YoY and, like in August and July, none of the main categories experienced positive growth compared to the same month of last year.
Government frees wheat and corn exports.
August official figures confirm the greatest contraction since July 2009.
We raise the likelihood of a negotiation with holdouts in 2015, after the RUFO clause expires.