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Country Economic Forecasts > Argentina

  • April 2017
  • -
  • Oxford Economics
  • -
  • 14 pages

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The signs of an apparently decisive recovery in the Argentine economy in Q4 2016 have given way to a more fragile situation in early 2017. The EMAE activity measure, a proxy for GDP, fell back in January despite an improvement in the construction sector and a strong agricultural performance. In addition, a more hawkish central bank - as it tries to dampen inflation expectations - may delay the pick-up in both private consumption and investment. Against this backdrop, we have cut our forecast for GDP growth this year to 2.3% from 2.5% last month.

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