Informes Mensuales

The pros and cons of changing the inflation targets

Enero 2018
December was a hectic month for Macri’s administration, with relevant news in the economic, social and political fronts. On the one hand, the Government succeeded in passing the 2018 Budget, the tax reform and the Pension Reform in the Lower House. Although it was finally approved, the Pension Reform has drawn criti...

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, wa...

Is Argentina facing a turn in the political cycle?

Septiembre 2017
The first half of August was marked by the primary elections, which resulted in a victory of the official party “Cambiemos” at the national level. In the Province of Buenos Aires, the final scrutiny threw Cristina Kirchner as the winner by a very small margin. However, recent polls indicate that Esteban Bullrich, th...

Medium term economic scenarios after the elections

Agosto 2017
The results of last Sunday’s primaries were music to the ears for Cambiemos, as Macri´s coalition won comfortably in three of the main districts (the city of Buenos Aires, Cordoba and Mendoza) and probably lost by a very small margin in the other two (in the provinces of Buenos Aires and Santa Fe). In addition, it a...

The exchange rate: Damn if it depreciates, damn if it doesn't

Julio 2017
The mystery was finally unveiled; Cristina is running for Senator in the province of Buenos Aires. This makes the race particularly important, and it will definitely catch the attention of most observers with an eye on the 2019 presidential election. If Cristina comes first, there will be questions about a potential...