Services
Reports
We offer reports on the Argentine economic and financial situation, focused on key aspects such as the level of activity, fiscal accounts, inflation, interest rates and exchange rates.
Presentations
We make in-company presentations on the Argentine and international economic situation, adjusting to the client's needs.
Consultations
We are available for specific queries from our clients on current issues via phone or email.
Forecasting
We prepare detailed long-term economic forecasts and alternative scenarios for budgeting and decision making.
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Last Reports
Last week kicked off with high hopes around the Argentina Week in New York and ended on a sour note with the February inflation print. The timing for the event was far from ideal — the Government went out to sell the country to the world while investors had one eye glued to the Middle East. Even so, the event went ahead, significant investment announcements were made, and Argentina was back in the international spotlight, which is no small thing. On the home front, however, things were more complicated: inflation is showing no signs of deceleration, and consumption remains sluggish.
¿Shock transitorio o permanente? Los mercados globales siguen operando con alta volatilidad por el conflicto con Irán. El escenario base que descuentan los mercados es que el shock será transitorio, pero crece la probabilidad de que el conflicto derive en un precio del petróleo elevado por más tiempo, lo que pondría a la Reserva Federal ante un dilema entre combatir una inflación más alta y sostener un mercado laboral que se debilita. Lo que parece claro es que el petróleo no volverá rápidamente a los niveles previos al conflicto, ya que restablecer las cadenas de suministro en Medio Oriente llevará tiempo. Europa y Asia son las regiones más afectadas. El dólar operó algo más débil en los últimos días y las tasas no mostraron saltos significativos.
The war in the Middle East has put the brakes on the very favorable international environment that the Argentine economy had been riding. Through February, global markets were showing a strong appetite for risk assets and the dollar was weakening, which was pushing up emerging market currencies and compressing credit spreads to levels not seen in years.
El conflicto en medio oriente domina los mercados. La escalada bélica le puso fin a la racha de dólar débil y baja de riesgo emergente que venía dando viento de cola para argentina en 2026. En este contexto, el peso y el riesgo país operaron bajo presión, en sintonía con sus pares globales, aunque sin movimientos extremos. La clave será el factor tiempo. Si el conflicto se prolonga y recalienta los precios de la energía y los commodities, la inflación en EE. UU. podría forzar a la Fed a un sendero de tasas altas por más tiempo, cerrando la canilla de flujos hacia emergentes. Si se resuelve rápido, el shock habrá sido solo un susto pasajero.
The labor reform shows the determination of the Milei administration to advance structural reforms that can improve the business environment. It also shows that he has achieved a political consolidation in Congress. We expect that this reform will be quickly followed by others, namely the law of glaciers and a tax reform, and by numerous decrees to continue the deregulation of the economy.
Articles
Más rápido de lo que muchos economistas esperaban, el Gobierno va consolidando su objetivo de cerrar el año con déficit fiscal cero, mejora de las cuentas del Banco Central, y camino a la tasa de inflación de un dígito porcentual….
About Us
Graduate in Economics from the University of Buenos Aires and Ph.D. in Economics from Columbia University. Professor and researcher at the Di Tella University and academic advisor at FIEL
With vast experience as an advisor to multilateral organizations such as the IMF, the World Bank and the Inter-American Development Bank, as well as several Latin American countries, he held prominent roles in the financial sector, including the presidency of Banco Hipotecario S.A. and functions in the Ministry of Economy and the Central Bank of the Argentine Republic.
He was an Assistant Professor at the University of Maryland, and taught at institutions such as CEMA, Georgetown University, and Columbia University.
He is a columnist and author of numerous articles in international publications. Author of the book “The Argentine economic crisis, a history of adjustments and imbalances” with Sebastián Kiguel.
Graduate in Economics from the University of Buenos Aires and MSc in Economics from the University of Warwick (UK).
He was an economic consultant at the Inter-American Development Bank (IDB) and at Econviews. He also served as an advisor at the Ministry of Economy and the Ministry of Transport of Argentina.
Alejandro Giacoia
Economist
Bachelor of Economics (UBA).
Pursuing a Master’s Degree in Finance (Di Tella)
Pamela Morales
Economist
Bachelor of Economics (UCEMA).
Associate Professor of Macroeconomics UCEMA
Rafael Aguilar
Economist
Bachelor of Economics (UBA).
He was an assistant in the UBA National Accounts chair
Leila García
Economist
Bachelor of Economics (UBA).
Assistant in the UBA Argentine Economic History