Weekly

Weekly Reports

Argentina’s financial conditions are the best since 2007

Third week
of September 2017
The IAEF-EconViews Index of Financial Conditions (IFC) is a monthly publication indicator that seeks to represent, in a reduced way, the status of financial conditions in the Argentine economy. In simple words, the IFC reflects the availability and the cost of financing for the Argentine government, provinces, ...

Brazil’s political instability does not prevent reforms

Fourth week
of August 2017
Despite the low popularity of Temer’s government and the political frailty of the alliances that sustain it, Brazil has recently carried out many pro-market reforms such as the limitations on public expenditure and a greater labor market flexibility. Meanwhile, a retirement pension reform and a package of privatizat...

Tell me where you live and I will tell how you feel the recovery

Third week
of August 2017
In the Province of Buenos Aires, both real wages and employment are still below the levels from 2015. This is a clear contrast with the evolution in the rest of the country, where employment has been well over those levels for a while. Soon, the same will occur with real wages. The evolution of real wages and ...

The fiscal accounts after many years of excesses in public expenditure

Fourth week
of July 2017
The consolidated fiscal primary expenditure represented 23% of GDP in 2004, while it represents 42% this year and gets closer to 45% after interest payments are included. In the same period, the consolidated primary result deteriorated around 10 points of GDP. The 5% surplus of 2004 turned into a defi...

A new global repricing, this time inspired by Central Banks

Third week
of July 2017
Since June 26 we are witnessing a new round of risk repricing at a global level.  Sovereign bonds issued by developed countries, foreign currencies and emerging market country risk premiums are teetering. The last time we saw a similar shock was just after Trump victory in the US elections.  The catal...