Monthly

What you need to know about the fiscal accounts…And more

February 2017

There have been several good pieces of news in the economic front. Inflation has remained subdued, the Government already raised most of the funds that it needs in the international financial markets, while the number of green shoots is rising and the prospects for growth are improving. Last, but not least, the inte...

What the mid-term elections, Trump, Brazil and China have in store for Argentina

What the mid-term elections, Trump, Brazil and China have in store for Arg...

January 2017

December was a difficult month for the Macri administration on the political front due to a number of setbacks that it suffered in Congress. At this stage, the overall climate has improved as the summer recess is giving the government some breathing room to regroup and to eventually regain the upper hand that it enj...

Hello 2017! Outlook, challenges and risks

December 2016

The government ends its first year with mixed feelings. Though most of the year in the political front it managed to maintain the upper hand and passed over 75 laws in Congress, the last weeks have been tough. The government suffered a setback when the opposition blocked the new electoral law that proposed electroni...

How to jump start growth and international trade

November 2016

In recent years it is clear that the economy has become more isolated from the world, as there was a clear trend in which the volume of exports and imports continuously fell. Brazil, our main trading partner through Mercosur also underperformed relative to the evolution of world and regional external trade. The rece...

Argentine Farmland: the Promised Land

October 2016

Finally, the government is getting better news in the economic front as all pieces are starting to fall into place; September appears to have been the turning point. Inflation has clearly receded from the high rates that prevailed since December of last year and is now more likely to remain in the 1.5% per month ran...

Argentine Banks: Stretching the muscles to grow

September 2016

Banking penetration in Argentina is low. As of today, deposits account for nearly 20% of GDP and the depth of banking intermediation has been erratic over time in response to macroeconomic cycles. The most important increase in banking penetration took place in the 90's when the ratio of deposits to GDP ...

Waiting for the IMF and the Article IV

August 2016

What will the IMF find when it arrives next month to conduct the first article IV review in a decade? Argentina is an economy that is still suffering from the large external and fiscal imbalances inherited from the Kirchner administration, from the large distortions in relative prices that are extremely costly to co...

The ups and downs of the Macri-economics scenarios

July 2016

All eyes are now posed on the evolution of key macroeconomic variables, as inflation is displaying more persistence than had been anticipated, the recession is proving to be deeper, while there are more concerns about the fiscal accounts and the real appreciation of the peso. In what follows we rely on a matrix of ...

The capital market in Argentina: warming up the engine

June 2016

The local capital market is relatively small and unsophisticated. This is a legacy of a long history of monetary instability, macroeconomic crises and massive breach of contracts, which undermined the confidence in the local currency and economic institutions. As a direct consequence, most Argentines save abroad the...

Investment: the key to unlock growth

May 2016

Argentina is entering into a new economic cycle where investment is expected to be the main engine of growth. This represents a change in relation to the way the economy worked in the last years, as consumption had been the tractor, boosted by expansionary fiscal and monetary policies, negative real interest rates a...

Monthly Reports

What you need to know about the fiscal accounts…And more

What you need to know about the fiscal accounts…And more

What the mid-term elections, Trump, Brazil and China have in store for Argentina

What the mid-term elections, Trump, Brazil and China have in store for Arg...

Hello 2017! Outlook, challenges and risks

Hello 2017! Outlook, challenges and risks

How to jump start growth and international trade

How to jump start growth and international trade

Argentine Farmland: the Promised Land

Argentine Farmland: the Promised Land

Argentine Banks: Stretching the muscles to grow

Argentine Banks: Stretching the muscles to grow

Waiting for the IMF and the Article IV

Waiting for the IMF and the Article IV

The ups and downs of the Macri-economics scenarios

The ups and downs of the Macri-economics scenarios

The capital market in Argentina: warming up the engine

The capital market in Argentina: warming up the engine

Investment: the key to unlock growth

Investment: the key to unlock growth

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