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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
The election in the province of Buenos Aires changed everything. Stocks plummeted, with bank shares falling by as much as 25%, while country risk climbed above 1,100 basis points, effectively ruling out any chance of market access in the coming months. The good news was that the exchange rate did not skyrocket. It initially depreciated by 4%, but over the following days it continued to rise, closing last week at ARS 1,447—just 1.3% below the upper limit of the currency band (ARS 1,467). Clearly, not everything is going according to plan anymore.
• The elections in the province of Buenos Aires dealt a severe blow to the government. Assets suffered sharp declines, and the exchange rate rose again. Although Kirchnerism is traditionally strong in Buenos Aires, the large margin of victory suggests growing dissatisfaction with the current political direction. It can also be interpreted as a sign that Kirchnerism remains a competitive force.
Yesterday’s elections in the province of Buenos Aires resulted in a resounding victory for Fuerza Patria (Kirchnerism), which defeated La Libertad Avanza by more than 13 percentage points. Although Peronism was expected to perform well, the outcome was far from what the polls had predicted.
Traspié electoral para el gobierno. El oficialismo sufrió una dura derrota en las elecciones de la provincia de Buenos Aires, donde perdió por 13 puntos. No parece que este resultado sea un predictor de lo que ocurra en octubre porque era una elección local en una provincia donde el peronismo es fuerte. Pero el mensaje es contundente: parte de la población no está conforme con el rumbo económico y político del gobierno y siente la pérdida de poder adquisitivo. Además, el audiogate sin duda afectó el porcentaje de ausentismo, lo que terminó perjudicando a LLA.
El Tesoro saca toda la artillería para frenar el dólar. El Tesoro anunció que va a utilizar sus dólares para intervenir en el mercado de cambios. El anuncio tomó al mercado por sorpresa e indica que está dispuesto a utilizar todas las balas que tiene a disposición. El argumento de que el objetivo es “contribuir a la liquidez y al normal funcionamiento del mercado” no es muy convincente y parece la nueva excusa para intervenir. Habrá que ver si con el nuevo poder de fuego (unos 1,700 millones de dólares) convence al mercado de que el tipo de cambio se va a mantener estable hasta las elecciones o si, por el contrario, la lectura es que el gobierno no le encuentra la vuelta para controlarlo, y termina teniendo un efecto boomerang.
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