Argentina Economic Outlook
March 14, 2017A sluggish economic recovery is underway, with December’s monthly indicator for economic activity recording the smallest drop in 2016. In January, industrial output benefited once again from upbeat momentum in the automotive sector, while improving regional trade flows continued to boost demand for Argentine goods abroad. These encouraging signs of recovery, however, are hardly being felt by Argentineans. Multi-faceted policy challenges, subdued household purchasing power, numerous hikes to utility fees and arduous wage negotiations with trade unions are all weighing on consumer sentiment, which plummeted to an over two-year low in February. On 22 February, Treasury Minister Nicolas Dujovne announced new targets for the primary fiscal balance for the remainder of President Macri’s term and presented a new fiscal framework that, in a bid to make fiscal policy more credible, includes quarterly targets and promises enhanced reporting of monthly data.
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||15.57||-0.19 %||Mar 27|
|Stock Market||19,802||0.49 %||Mar 27|
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Argentina Economic Growth
March 14, 2017Momentum will continue to build as economic activity picks up and inflation decelerates, benefiting households and pushing up private consumption. In addition, as Macri’s economic reform drive begins to bear fruit, upbeat business sentiment will provide a boost to fixed investment. Nonetheless, panelists have revised downwards their forecasts for this year, weighed down by uncertainty overseas and increased domestic political unrest. Analysts foresee the economy expanding 2.9% this year, which is down 0.1 percentage points from last month’s estimate, and 3.1% in 2018.
Argentina Economic News
March 23, 2017
In March, the Universidad Torcuato di Tella (UTDT) consumer confidence index rose from an almost two-year-low of 40.7 in February to 41.0 in March.
March 21, 2017
Argentina’s economic performance last year was marked by a downturn in household conditions and worsening investment, as efforts by the Macri administration to tackle problems built up over the previous decade prompted inflation to skyrocket and severely curtailed public spending.
March 9, 2017
In February, consumer prices in the greater Buenos Aires capital area increased 2.5% from the previous month, accelerating from January’s 1.3% expansion, according to recent data published by the National Statistics Institute (INDEC).
February 27, 2017
In December, the monthly indicator for economic activity (EMAE, Estimador Mensual de Actividad Económica) dropped 0.1% year-on-year, which was an improvement compared to November’s 1.4% decline.
February 23, 2017
In February, the Universidad Torcuato di Tella (UTDT) consumer confidence index declined from 44.5 in January to 40.7 in February.