Argentina Economic Outlook
April 11, 2017Argentina’s economy expanded in annual terms for the first time in almost a year in January, suggesting that activity is continuing to firm up, albeit at an uneven pace. Comprehensive data for Q4 GDP point to an increase in export volumes as the main driver behind the improved momentum, with the domestic economy stuck in the doldrums. President Macri’s reform-oriented agenda and sky-rocketing inflation have dented household purchasing power, while a hoped-for rebound in fixed investment on the heels of an improved policy framework and increased credibility has failed to materialize so far. The government’s economic policymaking, however, has earned praise from credit rating agencies, with S&P Global Ratings upgrading Argentina’s sovereign bond rating to B from B- on 4 April, noting a strengthening in policy predictability and accountability. At the same time, discontent continues to mount among citizens, the latest salvo being the staging of a general strike on 6 April.
Argentina Economy Data
5 years of Argentina economic forecasts for more than 30 economic indicators.
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|Exchange Rate||15.51||-0.02 %||May 10|
|Stock Market||21,510||1.75 %||May 10|
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Argentina Economic Growth
April 11, 2017The economy is expected to rebound this year as last year’s policy changes start to feed through. Households will benefit from higher economic activity and decelerating inflation, fixed investment will gather steam on the back of improved business sentiment, and government consumption will rebound ahead of October’s mid-term election. Analysts foresee the economy expanding 2.8% this year, which is down 0.1 percentage points from last month’s estimate, and 3.0% in 2018.
Argentina Economic News
May 10, 2017
According to the National Statistics Institute (INDEC), consumer prices in the Greater Buenos Aires capital area increased 2.6% in April from the previous month, accelerating from March’s 2.4% and above market expectations of a 2.1% rise.
April 28, 2017
In March, Argentinian industrial production contracted 0.4% over the same month last year, according to the latest data released by the National Statistical Institute (INDEC).
April 26, 2017
In April, the Universidad Torcuato di Tella (UTDT) consumer confidence index rose from 41.0 in March to an over one-year high of 46.2 in April.
April 25, 2017
In March, exports in Argentina expanded 2.3% from the same month last year, which contrasted February’s 6.3% drop.
April 18, 2017
At its weekly monetary policy meeting on 11 April, the Central Bank of the Argentine Republic (BCRA) decided to change gears and lifted its main interest rate by 150 basis points as inflationary pressures remain resilient.