A Critical Year for Argentina
Argentine president Mauricio Macri during a state visit to Brazil. Image: Agencia Brasil do Fotografias/Flickr

Argentine president Mauricio Macri during a state visit to Brazil. Image: Agencia Brasil do Fotografias/Flickr

16th February 2017

By Cynthia J. Arnson
Director, Latin American Program
Woodrow Wilson International Center for Scholars
In late January, Argentine government officials finally had some encouraging data that a long hoped-for economic rebound might actually be materializing.  Figures from the national statistics agency INDEC showed that month-on-month economic activity went up 1.4 percent between October and November, the second straight month of increase.  An internal government document leaked to Clarín in January estimated that growth had increased by close to one percent in the last quarter of 2016. While this was a far cry from the optimistic scenario painted by former Finance Minister Alfonso Prat-Gay, who was sacked last December, the numbers are feeding a narrative by the government of President Mauricio Macri that the Argentine economy is on a clear path to recovery.  According to Minister of Production Francisco Cabrera, “all the conditions are in place for Argentina to grow between 3.5 and five percent” in 2017.
The numbers may be exaggerated, but with elections taking place in October 2017 to renew a third of the Senate and half the House, the Macri government has every reason to emphasize the positive.  The economy shrank during Macri’s first year in office—by 1.8 percent, according to the International Monetary Fund (IMF), or as much as 2.3 percent, according to World Bank figures.  Inflation is widely estimated at 40 percent although the rate of increase has begun to slow. …

Click here : Log In To Read The Full Story
Subscribe to latin trade magazine
Click here to begin a subscription for Latin Trade magazine, available both in print and online.
Subscribe to lt.com
Click here to begin an online subscription to LT.com, with its extensive ranking, indices, and market intelligence on Latin America.
Subscribe to free Newsletter
Subscribe here to our free newsletter – getting the latest business headlines from Latin America in your inbox every day.
LOGIN
FOR READ MORE LOGIN
LOGIN
LOGIN
Forgot your password
SEND
READ MORE
Aenean sollicitudin, lorem quis bibendum auctor, nisi elit consequat ipsum, nec sagittis sem nibh id elit. Duis sed odio sit amet nibh vulputate cursus a sit amet mauris. Morbi accumsan ipsum velit. Nam nec tellus a odio tincidunt auctor a ornare odio. Sed non mauris vitae erat consequat auctor eu in elit.Aenean sollicitudin, lorem quis bibendum auctor, nisi elit consequat ipsum, nec sagittis sem nibh id elit. Duis sed odio sit amet nibh vulputate cursus a sit amet mauris. Morbi accumsan ipsum velit. Nam nec tellus a odio tincidunt auctor a ornare odio. Sed non mauris vitae erat consequat auctor eu in elit.

Access Denied

Please log in or register

Read Our Latest Issue

latintrade-followus-spanish
FOLLOW US