Fiscal Balance in Argentina

Argentina Fiscal Balance | Economic News & Forecasts

Argentina - Fiscal Balance

The economy appears to have remained stuck in recession in the fourth quarter. This follows a second consecutive GDP contraction in the third quarter, which was triggered by plunging domestic demand on the back of sky-high inflation and interest rates, and a sharp fall of the peso. The decline in economic activity intensified in November, due to faster contractions in most economic sectors, and industrial production shrunk markedly throughout Q4. Turning to the first quarter of this year, January’s drop in consumer confidence points to protracted weakness in spending. At the same time, macroeconomic adjustments continue. The trade balance recorded a fourth consecutive surplus in December thanks to surging exports and plunging imports. Moreover, recently released data shows that the country outperformed its 2.7% primary-deficit-to-GDP ratio which had been outlined as a target by the IMF in 2018, while it also reduced its fiscal deficit from 6.0% of GDP in 2017 to 5.2% of GDP.

Argentina - Fiscal Balance Data

2013  2014  2015  2016  2017  
Fiscal Balance (% of GDP)-1.9  -2.4  -3.9  -5.9  -6.0  

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Argentina Facts

ValueChangeDate
Bond Yield6.690.15 %Dec 17
Exchange Rate38.210.45 %Feb 14
Stock Market37,3862.26 %Feb 14

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