Argentina Macroeconomic Perspectives
Argentina: Latest political news did not translate into higher volatility, as markets positively assed lower than expected inflation and fiscal targets´ achievement.
Economy
International Macroeconomic Perspectives
US: Despite solid economic growth, the recent escalade in the trade conflict with China fuels concerns over its effect on the economy.
Argentina Macroeconomic Perspectives
Argentina: In a challenging international scenario, the Central Bank cut the policy rate and minimized the impact on the exchange rate.
International Macroeconomic Perspectives
US: The labor market was particularly strong in April, suggesting the economy remains on good track despite a slowdown in the manufacturing sector.
Argentina Macroeconomic Perspectives
Argentina: Economic activity rose 0.2% mom seasonally adjusted in February, driven by agriculture production, while industrial production, trade and construction contracted again
International Macroeconomic Perspectives
US: GDP growth during the first quarter surprised for good, driven by higher exports and inventories.
MEXICO: Despite growing during the first two months, the economy advanced modestly as investor confidence has cooled.
Argentina Macroeconomic Perspectives
Argentina: Supported by the IMF and aiming to reduce exchange rate volatility, the Central Bank modified the current monetary scheme and will be able to sell US dollars within the non-intervention zone
International Macroeconomic Perspectives
- US: March figures improved GDP growth outlook for the first half.
- BRAZIL: Economic recovery remains weak, adding pressure on President Bolsonaro, who is still struggling to get the pension reform approved.
Argentina Macroeconomic Perspectives
Argentina: March´s inflation figures triggered a series of measures from the government and the Central Bank to reduce inflationary pressure
International Macroeconomic Perspectives
Fed´s Minutes suggest no rate hikes are likely during this year, due to the impact of global growth slowdown on the economy, and below target inflation.