CPI may yet go higher, obviously not to those seen on the streets of Caracas or Buenos Aires, but only Chile (13.3%) amongst the mainstream Latam economies has higher inflation.
There is little question that the country is going in the right direction, even the unemployment data for September was considerably better than expected.
The negative outlook reflects downside risks to the economic growth outlook and uncertainties about the capacity of the government's policy response to decisively cut deficits and stabilize and eventually lower debt in the coming years, following the sharp rise in general...