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
The elections in the Province of Buenos Aires were a serious setback for the government. On top of that, internal political tensions and economic uncertainty surged last week. We assume that the outcome of the national elections will be more balanced and that the market will perceive it as neither particularly positive nor negative.
The government has entered survival mode, taking risks that could mortgage the future. Trump’s rescue package created the conditions to accumulate dollars, especially since it was accompanied by the temporary elimination of export taxes on the agricultural sector. The farm sector delivered, with USD 6.3 billion in export proceeds, but only about USD 2.3 billion made it into reserves. The rest was used to hold down the exchange rate. That was hardly what the IMF or the U.S. Treasury had in mind, and it raises doubts about how many dollars will be left for later in the year.
El shock de confianza duró poco. El respaldo de Estados Unidos fue contundente, pero los anuncios resultaron difusos: se mencionaron múltiples mecanismos sin definiciones concretas y sin aclarar si la ayuda dependía o no del resultado electoral. Al mismo tiempo, se agotó el ingreso extraordinario de divisas por la baja temporal de retenciones. De los USD 6,300 millones liquidados, el Tesoro apenas compró alrededor de USD 2,300 millones, lo que dejó un sabor a poco. Todo indica que las tensiones financieras irán en aumento.
After the storm came some relief, thanks to the United States and the farm sector. Once again, the Government pulled an ace from its sleeve to avoid what could have been the beginning of a crisis. A window of opportunity has opened. The question is whether this time the Government will know how to use it.
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