Argentina Economic Outlook
February 14, 2017Although GDP is expected to have contracted again in Q4, there are some incipient signs of economic recovery. Stronger growth in the automotive and food sectors is shoring up industrial activity, while recent consumer confidence readings suggest private consumption has likely bottomed out. Moreover, the external sector is benefiting from better growth dynamics in the region overall, though the strong rebound in exports seen in November and December partially reflected a low base of comparison from the previous year. Treasury Minister Nicolas Dujovne announced on 24 January that the country’s fiscal deficit for 2016 was 4.7% of GDP, beating the government’s 4.8% target. Although the government plans to reduce the deficit further to 4.2% of GDP in 2017, analysts are not optimistic about the prospects. The 2016 target was met mostly due to the positive effect of a tax amnesty, while elections this year could encourage government spending.
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||15.43||0.37 %||Feb 16|
|Stock Market||19,563||-0.48 %||Feb 16|
Argentina Economic Growth
February 14, 2017The economy will bounce back this year as lower inflation will support private consumption, while the external sector will benefit from stronger regional growth. Moreover, the economic reforms implemented by Macri’s administration will start to take off, buttressing business sentiment and propelling investment. Analysts foresee the economy expanding 3.0% this year, which is unchanged from last month’s estimate, and 3.1% in 2018.
Argentina Economic News
February 9, 2017
In January, consumer prices in the greater Buenos Aires capital area increased 1.3% from the previous month, accelerating from December’s 1.2% expansion, according to recent data published by the National Statistics Institute (INDEC).
January 31, 2017
In December, industrial production contracted 2.3% over the same month of the previous year, according to the latest data released by the National Statistical Institute (INDEC).
January 26, 2017
In November, the monthly indicator for economic activity (EMAE, Estimador Mensual de Actividad Económica) dropped 1.4% year-on-year, which was an improvement compared to October’s 4.4% decline.
January 24, 2017
In January, the Universidad Torcuato di Tella (UTDT) consumer confidence index held steady at last month’s 44.5, remaining below the 50-point threshold separating pessimistic from optimistic sentiment.
January 24, 2017
In December, exports expanded an astonishing 34.0% from the same month of the previous year, following November’s 20.8% increase (previously reported: +20.5% year-on-year).