USD money printing was up 25% in 2020, an extremely high rate historically and it will most likely continue into 2021 due to the factors brought by COVID and the governments need to pump the economy.
This will most likely mean a weaker USD, not necessarily against the ARG peso, but a "basket" or average of other currencies. That means higher commodity prices. The correlation between commodity prices and growth in Argentina and other South American countries is significant.
I don't think we see an immediate impact in 2021, but likely in the years to come.
What does this mean for the region overall: investments, opportunities, politics?
This will most likely mean a weaker USD, not necessarily against the ARG peso, but a "basket" or average of other currencies. That means higher commodity prices. The correlation between commodity prices and growth in Argentina and other South American countries is significant.
I don't think we see an immediate impact in 2021, but likely in the years to come.
What does this mean for the region overall: investments, opportunities, politics?
