Fiscal Balance in Argentina
Argentina - Fiscal BalanceAlthough annual growth likely slowed in Q3 due to a weaker base effect, GDP seemingly rebounded in sequential terms. Economic activity expanded month-on-month in July-August, while the external sector seemed upbeat in the quarter. Meanwhile, although consumer sentiment improved somewhat in Q3, rising inflation could have restrained household spending. In a bid to tame inflation, in mid-October the government froze prices for over 1,000 household goods until early next year, although this will likely curb production. In other news, talks to restructure the country’s USD 45 billion debt with the IMF are ongoing, with a repayment due in March next year. The government has hardened its stance ahead of November’s congressional elections, urging the Fund to drop surcharges in order to secure a deal. On a brighter note, Argentina and Brazil recently agreed to reduce Mercosur’s common external tariff.
Argentina - Fiscal Balance Data
|Fiscal Balance (% of GDP)||-5.1||-5.8||-5.9||-5.0||-3.8|
5 years of economic forecasts for more than 30 economic indicators.
|Bond Yield||6.69||0.15 %||Dec 17|
|Exchange Rate||59.88||0.45 %||Dec 30|
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December 1, 2021
The Universidad Torcuato di Tella (UTDT) consumer confidence index dipped to 39.7 in November from 40.2 in October, marking the weakest reading in four months.
November 24, 2021
The monthly indicator for economic activity (EMAE) grew 11.6% year-on-year in September (August: +12.8% yoy).
November 24, 2021
Merchandise exports increased 46.5% over the same month last year in October, following September’s 60.1% jump.
November 12, 2021
Consumer prices increased 3.52% over the previous month in October, slowing down from September's 3.55% increase.
November 10, 2021
Industrial production expanded 10.1% year-on-year in September (August: +13.8% yoy).