Argentina Economic Outlook
April 17, 2018GDP growth in annual terms accelerated to a multi-year high in Q4 2017. The expansion came in above market estimates and underscores a domestic economy that is showing signs of recovery, with declining unemployment and robust industrial production. More recent data is positive, suggesting the growth momentum carried over into the first quarter of this year. Economic activity accelerated markedly in January, and industrial output surged in February. However, this positive data contrasts with figures from the external and monetary sectors. The trade balance recorded its fourteenth consecutive month of deficit in February, and a devastating drought in parts of the country throughout Argentina’s summer months will hit export-oriented industries. Inflation in Q1 furthermore remained untamed, implying that the external debt burden will continue to grow in the coming months to keep up with elevated public spending.
Argentina Economic GrowthThe economy is expected to grow at a solid pace this year and next thanks to a sharp expansion in fixed investment and still-strong private consumption. However, a weaker currency and high inflation will weigh on private consumption growth. FocusEconomics panelists see the economy expanding 2.6% in 2018, which is down 0.2 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.
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|Bond Yield||6.69||0.15 %||Dec 17|
|Exchange Rate||20.18||0.45 %||Apr 17|
|Stock Market||31,403||2.26 %||Apr 17|
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Argentina Economic News
April 13, 2018
According to the National Statistics Institute (INDEC), national consumer prices rose 2.3% over the previous month in March, slightly below February’s 2.4% month-on-month increase.
March 29, 2018
The monthly indicator for economic activity (EMAE, Estimador Mensual de Actividad Económica) picked up in January.
March 29, 2018
In February, industrial production expanded 5.3% over the same month last year, according to data released by the National Statistical Institute (INDEC) on 29 March.
March 23, 2018
The Universidad Torcuato di Tella (UTDT) consumer confidence index came in at 43.8 points in March, matching the print observed in February.
March 22, 2018
According to the Statistical Institute (Instituto Nacional de Estadísticas y Censos, INDEC), economic activity in Q4 edged up from a revised 3.8% annual increase (previously reported: +4.2% year-on-year) in Q3 to 3.9%.