Argentina Economic Outlook
September 14, 2021The economy is expected to have gained traction on an annual basis in Q2, benefiting from a low base effect, although it seemingly weakened in sequential terms amid high new Covid-19 cases. Both economic activity and industrial production followed a similar path: They soared in annual terms throughout Q2, but shrank month-on-month in April–May to then bounce back in June amid easing mobility restrictions. Moreover, consumer sentiment deteriorated in Q2, spelling trouble for household spending. Activity should gain strength in sequential terms in Q3, as suggested by sustained growth in merchandise exports in July and recovering consumer confidence in July-August. In politics, President Alberto Fernández’s leftist Peronist party suffered a notable defeat in the mid-term congressional primaries held on 12 September, while the center-right opposition coalition gained significant ground ahead of November’s elections.
Argentina Economic GrowthThe economy is set to rebound this year, also thanks to a low base of comparison. Domestic and external demand should benefit from the gradual lifting of restrictions, although policy uncertainty and capital controls will restrain the recovery. Uncertainty related to the pandemic and to the outcome of ongoing debt renegotiations with the IMF poses further risks. LatinFocus Consensus panelists see the economy growing 6.9% in 2021, which is up 0.3 percentage points from last month’s estimate, and 2.5% in 2022.
Argentina Economy Data
5 years of Argentina economic forecasts for more than 30 economic indicators.
Get a sample report showing our regional, country and commodities data and analysis.
|Bond Yield||6.69||0.15 %||Dec 17|
|Exchange Rate||59.88||0.45 %||Dec 30|
Request a Trial
Start working with the reports used by the world’s major financial institutions, multinational enterprises & government agencies now. Click on the button below to get started.
Argentina Economic News
September 24, 2021
GDP growth gathered significant momentum in the second quarter, accelerating to 17.9% year-on-year from 2.9% in the first quarter, benefiting from a favorable base effect. The upturn mainly reflected a marked improvement in domestic demand.
September 15, 2021
Consumer prices rose 2.5% over the previous month in August, following the 3.0% increase logged in July.
September 8, 2021
The Universidad Torcuato di Tella (UTDT) consumer confidence index rose to 39.8 in August from 37.9 in July, marking the best reading since November 2020.
September 8, 2021
Industrial output rose 13.0% in year-on-year terms in July, which was a softer expansion than June's 19.4%.
August 19, 2021
The monthly indicator for economic activity (EMAE) grew 10.8% year-on-year in June (May: +13.6% yoy).