Weekly

Weekly Reports

The challenges to grow

First week
of August 2015
Only six days are left until the primary elections, but how Argentina is going to start growing after four years of economic stagnation and high inflation still remains out from the public debate. It makes sense, as no one wants to admit it is an expensive and complex challenge. Nobody wants to hear it either. In o...

Events in Greece will not affect Argentina

Fifth week
of June 2015
Next Monday, after Sunday’s referendum is held, we will have a clearer picture on whether Greece will leave the Eurozone, or not. The most complex short-term scenario for Europe would be the “NO” to the “adjustment” victory, given that Greece leaving the monetary union would build up concerns around a potential cont...

A disoriented market in face of political news

Fourth week
of June 2015
Over the last few days there has been important political news. Alliances and candidate lists from parties that will contest in the next elections have been defined, including presidential tickets. At the same time, elections were carried out in important electoral districts. While the opposition received the major...

The consumer confidence grows despite consumption

Second week
of June 2015
Since last December, consumer confidence (Torcuato di Tella University) has been growing uninterruptedly. At this time it shows a yearly rise of 45% and ranks similar to 2011 level, when consumption was beating records in many different sectors, right before the “cepo”. This upturn contrasts with consumption perfor...

The fiscal deficit puts pressure on next Government

Fourth week
of June 2015
The high and growing fiscal deficit is a silent threat, it’s been increasing uninterruptedly for eleven years. This year, with some luck, will be at around 6% of the GDP (sum that excludes Central Bank’s profits, but includes the resources transferred by ANSES), although it could easily surpass 7% if the Government ...