Consumption growth sharply accelerated during March compared with last year lockdowns, this increasing growth rates are observed across all countries and sectors.
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Juan Manuel Manías
Principal Economist
Buenos Aires
•M.A. in International Economics Relations (UBA, Argentina)
•B.A. in Economics (UBA, Argentina, Magna Cum Laude Honours)
•Previous work experience includes Banco Francés Financial Area since 2000.
•Joined Economic Research Department in 2009
Latest publications
Total consumption continues to be unable to grow steadily, remaining at around 0% YoY. The effect of the beginning of the lockdown a year ago is starting to be felt in the different categories. Based on our indicators, activity is expected to grow again in 1Q21, although a second wave of contagions could weaken consumption.
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Six months after the return to the use of the interest rate as a monetary policy instrument of the Central Bank, we report first results.
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