Experience and knowledge

to understand the economy and enhance finances

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.

Contact Us

Last Reports

From Relief to the Challenge of Macroeconomic Consistency

Milei’s economic program seems to have entered a new phase. After the confidence shock triggered by the election victory, signs of a more normalized economy are starting to appear, with interest rates falling to more sustainable levels — both for public debt and for overall economic activity.

Base scenario october 2025

The midterm elections reshaped the outlook for both the government and the markets. The result can be seen as a strong rejection of Kirchnerism and, at the same time, as a mandate to govern. In Congress, the administration now has the opportunity to move from defense to offense. The resounding national victory leaves it in a stronger position to advance discussions on labor, tax, and pension reforms.

Midweek 6 de noviembre de 2025

  • Normalizando las tasas. Después del fuerte apretón monetario previo a las elecciones, las tasas de interés comenzaron a acomodarse en niveles más razonables en los últimos días. La semana pasada, el Tesoro liberó unos AR$ 5 billones en la licitación de deuda y aportó liquidez comprando bonos en el mercado secundario, lo que contribuyó a la baja de las tasas. En la misma dirección se movió el BCRA, que redujo la tasa de la rueda repo del 25% al 22%, estableciendo un nuevo piso para las tasas cortas y arrastrando a las tasas pasivas. Las tasas activas también están descendiendo, aunque a un ritmo más lento.

What Could Change in the Economic Program

The surprising and impressive victory of LLA in the elections completely reshaped the political and economic landscape. The ruling coalition exceeded its minimum goal (securing one-third of the Lower House) and, together with PRO, also achieved one-third of the Senate—leaving Peronism without a majority in that chamber for the first time since the return of democracy.

A New Political and Economic Environment

The government’s victory in the mid-term election was a game changer. The LLA got 40% of the national vote and achieved its goal of reaching one-third of Congress in both chambers (enough to sustain possible vetoes to opposition populist initiatives). With its alliance with PRO, it now has 104 Congressmen in the lower House, more than the Peronists, thus becoming the largest minority.

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

Miguel A. Kiguel

Ph.D. en Economía

Director

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.

Kevin Sijniensky

Master in Economics

Chief economist

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

This site is protected by reCAPTCHA and applies Privacy Policy & Service Terms by Google.

Este sitio está protegido por reCAPTCHA y se aplican la Política de privacidad y los Términos de servicio de Google.

Complete su correo, y le enviaremos un Email con los pasos para recuperar su contraseña.

Este sitio está protegido por reCAPTCHA y se aplican la Política de privacidad y los Términos de servicio de Google.