Argentina Macroeconomic Perspectives
Argentina: FX stability, decelerating inflation and clearer political scenario, boosted government confidence
Economy
International Macroeconomic Perspectives
-US: Mixed economic figures challenge the Fed´s capacity to read the underlying trend and act accordingly.
Argentina Macroeconomic Perspectives
Argentina: The Central Bank continued cutting rates in the past week, helped by FX stability and a relatively favorable international setting for the region.
Argentina Outlook June 19
While the overall economy remains fragile, annual inflation above 50% and political uncertainty high, exchange rate stability and high interest rates are key to keep local confidence in the peso. Hence, the Central Bank (CB) continues committed to bring inflation down, through tight monetary policy.
International Macroeconomic Perspectives
- US: May´s employment report and unresolved trade tensions, increased pressure on the Federal Reserve to cut rates.
Argentina Macroeconomic Perspectives
Argentina: April´s construction and industrial production reports displayed improvements, increasing the likelihood activity is starting to recover.
Argentina Macroeconomic Perspectives
Argentina: Despite a complex international scenario, local political uncertainty and economic contraction, last month´s exchange rate stability affected expectations favorably.
International Macroeconomic Perspectives
US: April´s capital investment preliminary figures signal activity is on its way to decelerate during the second quarter, as GDP growth returns to its post-recession average of 2%.
Argentina Macroeconomic Perspectives
Argentina: Although activity figures don´t unveil a rebound, exchange rate stability helped confidence indexes higher in May.
International Macroeconomic Perspectives
US: Trade disputes mainly harmed the manufacturing sector, despite confidence recently improved.