Argentina Economic Outlook
January 16, 2018President Mauricio Macri’s government made important progress in his drive to liberalize the economy. The 2018 budget and a highly controversial tax and pension reform plan were approved by the congress in the final weeks of 2017. The pension and tax reform envisages lowering the government’s elevated public sector spending and making Argentina a more attractive investment destination. It should give a further impetus to the economy, which is on a solid recovery path, as confirmed by the latest data. Economic growth reached 4.2% annually in Q3, a notable acceleration from Q2’s 2.9% expansion and the fastest print in over four years. Despite strong GDP growth, the economy remains under pressure. On 28 December, the Central Bank revised its inflation target for the next two years, as the country missed its 2017 target and tight monetary conditions are stifling economic activity. The announcement caused the peso to depreciate sharply and will likely undermine the Bank’s credibility in anchoring inflation and achieving the government’s fiscal reduction plans.
Argentina Economic GrowthArgentina’s economy is set to accelerate in 2018 and 2019 amid solid growth in private consumption and fixed investment. FocusEconomics panelists see the economy expanding 3.0% in 2018, which is down 0.1 percentage points from last month’s forecast. For 2019, growth is expected to reach 3.2%.
Argentina Economy Data
5 years of Argentina economic forecasts for more than 30 economic indicators.
Get a sample report showing all the data and analysis covered in our Regional, Country and Commodities reports.
|Bond Yield||6.69||0.15 %||Dec 17|
|Exchange Rate||17.25||0.45 %||Dec 06|
|Stock Market||26,470||2.26 %||Dec 06|
Start Your Free 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
January 15, 2018
According to the National Statistics Institute (INDEC), consumer prices in the greater Buenos Aires capital area rose 3.4% in December compared to the previous month, which was significantly above November’s 1.2% rise.
January 10, 2018
In November, industrial production grew 3.5% over the same month in the previous year, according to the latest data released by the National Statistical Institute (INDEC).
January 10, 2018
At its monetary policy meeting held on 9 January, the Central Bank of Argentina (Banco Central de la República Argentina, BCRA) slashed the 7-day repo reference rate by 75 basis points.
December 27, 2017
In October, the monthly indicator for economic activity (EMAE, Estimador Mensual de Actividad Económica) recorded another sharp expansion.
December 23, 2017
In December, the Universidad Torcuato di Tella (UTDT) consumer confidence index declined to 43.2 points from 51.1 points in November.