The Wall Street Journal
December 7, 2012
Venezuela and Argentina in 2013 will be the two exceptions to an otherwise low-inflation year for emerging markets, according to a report by Capital Economics.
The consultancy forecasts that inflation will average a respective 28% and 25% in Argentina and Venezuela, compared to the 5% rate expected in most emerging economies next year.
"The main factor behind high inflation in both countries is super-loose monetary policy, as well as supply side constraints, especially in Venezuela," Capital Economics said.
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