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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
We are still a year away from the presidential elections, but the anxiety about the outcome is already affecting investment decisions. The government’s slide in public opinion appears to have stopped, as the index of confidence in the government improved 0.8% in October. The mood appeared to be dominated by economic indicators that have been disappointing in recent months, especially regarding economic activity, employment and inflation. The government is now suffering from making promises that it has not been able to deliver, a fact that is generating concerns among investors and the population at large.
Efecto Lula. La remontada de Lula en Brasil les dio un nuevo golpe a los bonos y acciones argentinas y llevó al riesgo país a la zona de 750 puntos. Otros emisores de alto riesgo, como Ecuador y Egipto, también vienen sufriendo, lo que muestra un mercado más selectivo con el crédito emergente. En esa volteada, Argentina no tiene drivers sólidos para atraer nuevos compradores de cara a un año electoral que se percibe muy volátil y con resultado abierto. Esto pesa aun cuando las encuestas muestran la imagen del gobierno estable desde hace algunos meses, en niveles relativamente aceptables para esta altura del mandato.
In recent days, a debate has taken hold over whether Argentina is failing to grow because the Central Bank is buying too many reserves, an operation critics say is “killing activity.” The argument goes like this: when the Central Bank buys dollars, it issues pesos, but the Treasury then mops them up by issuing debt, draining credit away from the private sector. If those pesos stayed in the economy, they would fuel credit, activity and consumption, offering a way to jump-start an economy that has been stuck in the mud for months.
Markets went through another rough week that pushed country risk above 700 basis points, its highest level since last year’s elections. August activity data did little to lift investor sentiment, but the good news is that the gloom didn’t spill over into the exchange rate. Meanwhile, politics has started to creep in, putting a ceiling on any improvement. The coming months will be decisive if the country is to head into the long election season on solid footing.
La discusión electoral empieza a ganar terreno en la agenda pública. La popularidad del oficialismo no es baja, pero en las encuestas se están viendo los costos que paga por una economía que no tiene fuerza en los grandes centros urbanos. El Índice de confianza en el gobierno elaborado por la UTDT está en valores mínimos para este gobierno y de acuerdo con consultoras privadas el porcentaje de desaprobación de la gestión es superior al de aprobación.
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