Fynsa
The IPSA, hovering near 10,000 points, is trading at a discount, and there are several selective buying opportunities. The local fixed-income market is returning to an acceptable level: there are bonds with a YTM of UF + 2.5% that offer very high credit quality.
The Chinese government has set a GDP growth target of between 4.5% and 5% for 2026, the lowest in more than three decades. The decision reflects a more challenging economic environment and marks a strategic shift toward more moderate growth, focused on strengthening domestic consumption, driving technological innovation, and improving the resilience of the economic model.
After almost two years of government, Javier Milei shows economic achievements that seemed impossible, although social costs and political tensions cast doubt on the sustainability of his program.
All agree that growth will be weak and that reforms and more investment are needed to turn the trend around.
