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Brazil & Southern Cone - September 2014 (ISSN 1741-4431)
ECONOMY: The future is bright, for Kicillof
The economy minister, Axel Kicillof, has handed to congress a budget for 2015 based on a bullish set of predictions about Argentina’s economic performance next year. Contrary to most national and international observers, Kicillof expects growth of 0.5% this year, with retail inflation of 21.3%. Next year, the official growth forecast is 2.8%, with inflation falling to 14.5%. “Argentina is heading towards a very solid medium and long-term scenario,” Jorge Capitanich, the cabinet chief, declared following the presentation of the budget. As a result, the budget includes “no major tax rises or budget cuts” in 2015.
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