Cada semana que pasa la sensación de que la economía argentina se acerca a la que vivimos en los ochentas no se puede evitar. No quiere decir que la situación vaya a ser exactamente igual ni que no...
A quick look at Macri´s first two years and what comes next
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A quick look at Macri´s first two years and what comes next
Octubre 2017
September brought good news regarding economic recovery: the INDEC published the GDP figures for Q2 of 2017, which reflected the steady progress of economic activity again (0.7% q/q s.a. and 2.7% y/y). Unlike the demand’s behavior over the last few years of growth, this time investment led the recovery.
However, warning lights turned on in the external sector: in August, the trade balance accumulated its eighth consecutive deficit. Moreover, the INDEC published the results of its estimations for the balance of payments corresponding to the second quarter of 2017, which showed a current account deficit of USD 5.9 billion. This result implied a significant deterioration if compared to the USD 2.7 billion deficit recorded one year ago. The accumulated current account deficit during the last 12 months amounts to 3.4% of GDP.
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