Argentina Economic Outlook
October 10, 2017
Solid growth in fixed investment and private consumption propelled economic growth in Q2 to a 2.7% annual expansion, the fastest rate in almost two years. The quarterly print taken together with more recent data suggest that the recovery is gaining traction. In July, economic activity expanded at the fastest in over two years and industrial production logged its fourth consecutive increase in August. Noting these economic tailwinds, the government presented the 2018 budget to Congress. The bill envisages GDP growth of 3.0% this year and 3.5% next year along with a significant narrowing of the fiscal deficit. Although 2017’s growth figure was revised down from the previous estimate, latest polls put the government ahead in the runoff legislative elections of 22 October. Growing confidence on Macri’s economic policies is becoming more apparent as recent data, such as a decline in unemployment in Q2 and falling poverty in the first two quarters, suggests that growth is finally permeating across all social strata.Argentina Economy Data
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Argentina Facts
| Value | Change | Date | |
|---|---|---|---|
| Bond Yield | 6.69 | 0.15 % | Dec 17 |
| Exchange Rate | 17.34 | -0.45 % | Oct 13 |
| Stock Market | 27,141 | 0.30 % | Oct 13 |
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Argentina Economic Growth
October 10, 2017
Buoyed by business-friendly reforms adopted by the Macri administration, the economy is expected to rebound this year and gain speed next. Fixed investment should recover due to an improved business environment and higher public infrastructure spending, while household spending should benefit from declining inflation and rising wages. FocusEconomics panelists foresee the economy expanding 2.7% this year, and 3.0% in 2018, which is up 0.1 percentage points from last month’s forecast.Argentina Economic News
Argentina: Trade deficit widens as exports plummet in August
September 27, 2017
In August, export plunged 9.2% in year-on-year terms, contrasting the 5.5% increase observed in July.
Argentina: Economic activity expands at over two-year high in July
September 27, 2017
In July, the monthly indicator for economic activity (EMAE, Estimador Mensual de Actividad Económica) rose 4.9% year-on-year, the fastest rate since June 2015 and above June’s already-strong 4.2% expansion.
Argentina: Economic growth gains traction in Q2
September 27, 2017
Positive economic data continue to pile up.
Argentina: Inflation picks up in August due to low base effect
September 12, 2017
According to the National Statistics Institute (INDEC), consumer prices in the Greater Buenos Aires capital area rose 1.5% in August from the previous month, down slightly from July’s 1.7% increase and undershooting market expectations of a stronger 1.9% increase.
Argentina: Industrial production maintains momentum in July
September 1, 2017
In July, industrial production jumped 5.9% over the same month last year, according to the latest data released by the National Statistical Institute (INDEC).
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