Filippo Bianchini’s Post

Will the Czech Republic adopt euro currency? The adoption of the euro offers numerous advantages, such as lower transaction costs and exchange rate risk, as well as facilitating price comparisons between countries. These benefits open the way to a more efficient economy and closer integration with EU countries. What could be the negative impact? #euro #MonetaryPolicy

Will the Czech Republic adopt the euro currency? We'll see... in the meantime, the Convergence Report 2024 highlights the importance of monitoring the economic progress of EU countries towards euro adoption. These states must continue to work on the necessary reforms to ensure a smooth transition. #Economy #Eurozone

🇦🇷 #Argentina: End foreign exchange controls – yes or no? That is not the question, say renowned Argentine economists Rodolfo Santangelo and Enrique Szewach. In an article for the daily newspaper LA NACION, they discuss Argentina's ongoing debate about lifting foreign exchange controls ("cepo"). The basically liberal economists argue against extreme positions - immediate lifting or indefinite retention of controls - and propose a balanced approach. The currency controls, originally implemented by the Kirchner administration, failed to control inflation or stabilize the economy. On the other hand, the complete liberalization between 2016 and 2019 brought short-term capital but no lasting stability. The authors believe that Argentina should aim for a single exchange market but only once macroeconomic conditions—low inflation, fiscal surplus, and solid reserves—are firmly in place. In the short term, they suggest keeping some regulations on foreign asset purchases and tourism to prevent a surge in dollar demand that the country can't support. They also advocate for a segmented market where individuals can buy foreign currency for personal use without depleting central bank reserves. The authors recommend gradual adjustments in the exchange rate, avoiding drastic changes, and argue that an orderly path to currency unification should be part of a comprehensive program to stimulate recovery and long-term growth. ¿Salir o no del cepo? Esa no es la cuestión https://lnkd.in/dQ484-av via @LANACION

CEP methodology is a problem for me! Open the actual document and read the methodology: I doubt this will even get close to reality. https://lnkd.in/ebgfaVZe Ministère de l'Économie - Luxembourg Luxinnovation GIE Banque centrale du Luxembourg (BCL)

Investment in Italy: This insight provides useful information about incentives for investors, regulatory background, accounting and reporting and taxation. Its purpose is to provide general guidelines on investing or doing business in Italy and reflects the situation in Italy at 31 December 2023. #kpmg #KPMGtax #investitaly #italy KPMG Italy

In light of recent reports, my country Bolivia, has been identified as the country with the highest financial risk in Latin America by the JP Morgan index. This is a concerning development, as it directly affects Bolivia's access to credit and market confidence. It appears that the current leadership in Bolivia is more focused on internal political issues rather than implementing a strategic plan to stabilize and improve the country's economic health. It is urgent to reverse the political mediocrity in Bolivia so that our officials meet the demands of the citizens. #Economy #Bolivia #FinancialRisk #EconomicPlanning #JPMorgan

🇦🇷 🌟 #Argentina: "The recovery of activity and the good financial environment, within a framework of fiscal balance and monetary discipline, show that the worst of the crisis is over," find economists of BBVA en Argentina in their latest outlook for South America's second largest economy. Argentina’s economic #outlook in December 2024 reflects a recovery from prolonged crisis. The fiscal balance is set to end the year in equilibrium for the first time in 15 years, supported by aggressive spending cuts despite lower revenues. The crawling peg policy (2% monthly) has helped reduce inflation, projected at 120% in December 2024, though it slowed reserve accumulation (and led to an overvalued currency). Inflation is expected to fall to 35% by the end of 2025. Economic activity rebounded from recession, with GDP forecasted to shrink 3.8% in 2024 but grow 5.5% in 2025, driven by consumption and investment. Public support for the government remains strong, fostering optimism for continued reforms. In addition, it could benefit from the tailwind of Donald Trump's administration, which would have positive implications for Argentina in the short term, according to BBVA's analysis. Presentación en español: https://lnkd.in/dcVijZsU English presentation: https://lnkd.in/dRdjCU7s

⚡️OUT NOW ⚡️ Positive growth in the first quarter of 2024 delivers an encouraging momentum and our latest #GDP Tracker expects UK GDP to grow by 0.6% in the second quarter of this year 📈 ⬇️More here 📊⬇️ https://hubs.la/Q02wNfFZ0

📰🇦🇷 WHAT A WEEK in ARGENTINA! Right-click translate links in Spanish on Chrome 👇👇👇 1⃣ 1/2 📈 Fitch upgraded Argentina's foreign currency long-term Issuer rating to 'CCC' from 'CC' on improved confidence in the country's ability to meet upcoming bond payments. 2/2 Fitch notes higher international reserves due to capital repatriation and potential external financing options. However, risks remain, with uncertainty over long-term monetary and FX policies crucial to restoring market access. https://t.co/ylyXrwH0yD 2⃣ 1/2 🌍 @JMilei congratulated @realDonaldTrump on his election win, calling him a kindred spirit in the global fight for freedom and economic prosperity. At Mar-a-Lago, Milei declared, "The winds of freedom blow stronger today." 🤝 2/2 Milei also praised @elonmusk for championing free speech and vowed to forge alliances to protect "Western legacy." His administration hopes Trump's leadership will ease Argentina's $44B IMF negotiations.🌎 https://t.co/jnN1XElptD 3⃣ 1/2 📊 Argentina's inflation hit 2.7% in October, the lowest since 2021, prompting JPMorgan to cut its projections. The bank now expects 120% YoY inflation by December 2024 and a monthly average of 2.5% in early 2025, down from 3.8%. 📉 2/2 💡 JPMorgan highlighted slower food and regulated price increases, with fresh food making "zero contribution" to October's inflation. By late 2025, inflation could drop to 25% YoY from 193% between Oct. '23 + Oct. '24 , signaling potential stability ahead. https://t.co/6gKwvgwyG4 4⃣ 1/3💰 Argentina's Economy Minister, @LuisCaputoAR, announced a fiscal and primary surplus for October. The primary surplus reached ARS$746.9B, while the financial surplus hit ARS$523.4B. Total fiscal surplus for 2023 so far stands at ARS$2.97T (0.5% of GDP). 📊 2/3 2024 is poised to close as the first year in the green for Argentina's public sector since 2008. 🟢 3/3 Caputo highlighted strong revenue growth (+167.8% YoY) and noted the ongoing economic recovery. He expressed optimism for 2024, with hopes to exit currency controls during the year. 🌟 https://t.co/nIYwuuktYV

“Liar” “YOU are a liar” “Nooo you are a liar” “LIARRRR” The truth is… The US debt-to-GDP will reach 138.6% by 2029, up from 122.1% at end-2023 and 108.1% at end-2019. Among G-7 sovereigns, the US is forecast to sustain the third highest debt-to-GDP ratio, below Japan (258% by 2029) and Italy (144%), but well above similarly rated France (113%) and the United Kingdom (110%). From Scope ratings. #BidenTrumpdebate