Argentina Money | Economic News & Forecasts

Argentina - Money

In Q2, Argentina’s economy gained some strength on the back of a surge in government spending, but latest data show that the economy likely decelerated in Q3. Economic activity lost steam in August and industrial production barely increased in September. The country held presidential elections on 25 October, but no candidate emerged triumphant as no one was able to surpass the 45% vote threshold. As a result, a runoff between Daniel Scioli—the candidate from the ruling left-wing Front for Victory party—and Mauricio Macri—the representative of the conservative Let’s Change coalition—will be held on 22 November. Despite their different proposed approaches, the two candidates agree that gaining access to international capital markets is key to improving the country’s growth trajectory and fiscal stance. Expectations that the incoming government will devalue the currency soon are weighing on foreign reserves as the Central Bank tries to counteract excess demand for the U.S. dollar.

Argentina - Money Data

2010  2011  2012  2013  2014  
Money (annual variation in %)34.6  29.8  38.4  25.7  28.9  

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Argentina Money Chart

Argentina Money
Note: Annual variation of M2 in %.
Source: Argentina Central Bank and FocusEconomics calculations.

Argentina Facts

Bond Yield6.690.15 %Dec 17
Exchange Rate9.680.01 %Nov 25
Stock Market12,850-4.06 %Nov 25

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