Argentina Economic Outlook
June 14, 2016Argentina’s economy is experiencing a period of macroeconomic adjustment as a result of the structural reforms undertaken by the administration of Mauricio Macri. According to official data released recently by the statistical office, in April, industrial production contracted a sharp 6.7% on an annual basis, thus highlighting the effect of the government’s austerity measures. Moreover, massive layoffs and record-high inflation rates are a cause of concern for Argentinians and consumer confidence hit the lowest level in nearly two years in May. On a positive note, the currency strengthened significantly against the U.S dollar at the end of last month as the annual soy harvest boosted demand for pesos. In the political arena, Marci recently presented a tax amnesty to Congress that aims at repatriating capital stashed abroad in order to increase government revenues and lure dollars into the battered economy.
Argentina Economy Data
5 years of Argentina economic forecasts for more than 30 economic indicators.
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|Bond Yield||6.69||0.15 %||Dec 17|
|Exchange Rate||13.96||0.32 %||Jun 21|
|Stock Market||13,681||4.65 %||Jun 21|
Argentina Economic Growth
June 14, 2016Low commodity prices, the prolonged recession in Brazil and a slow adjustment to the new government’s policies are factors clouding this year’s growth outlook. However, following the renewed access to international capital markets, the economy is expected to largely benefit from fresh capital inflows. Analysts project Argentina’s GDP to contract 1.0% in 2016, which is down 0.2 percentage points from last month’s Consensus. For 2017, analysts project the economy to rebound and expand 2.9%.
Argentina Economic News
June 13, 2016
In May, the Universidad Torcuato di Tella (UTDT) consumer confidence index continued on the downward trend that started in November of last year.
May 31, 2016
Following a month-long data dearth, the National Statistical Institute (INDEC) has recently published monthly data on the first four months of this year.
May 23, 2016
In April, exports contracted 7.7% over the same month last year, which contrasted the 0.9% increase seen in March and marked the lowest reading in four months.
May 17, 2016
Consumer prices in April increased 6.5% over the previous month, according to the inflation index reported by the National Statistics Institute (INDEC) covering the city of Buenos Aires.
May 12, 2016
The Universidad Torcuato di Tella (UTDT) consumer confidence index decreased from 48.2 in March to 43.2 in April, which marked the lowest reading since September 2014.