Private Report indicates that Argentina has an ‘opportunity to leave the overvalued exchange’
Buenos Aires, January 6, 2013
Argentina has a “chance” to exit the “overvalued exchange” in 2013, although if it does not progress in this direction could be “back against the external constraint for 2014.”
This was assessed a report by consultancy Econometrica, noting that “in 2013 the problems do not disappear nor overvalued exchange energy, but disappear the factors that did not allow exports to grow.”
“The harvest is looking recover for a new record, while Brazil aims to grow again once Dilma (Rousseff) corrected the excesses of Lula (da Silva),” said the economist Rodrigo Castiñeira.
According it was evaluated, “Brazil harvest and lower debt payments thanks to recent years of debt reduction is a breath of 12,000 million fresh dollars, that keep the external constraint, at least for a year.”
“Exports will grow by 11 percent to a new record of more than 93,000 million dollars, and dollars to the new economy will expand 3.5 percent in 2013,” it predicted.
Anyway, the report said: “This new growth quickly depletes soy-dollars and puts the economy back against the external constraint by 2014″.