Market Research Logo

Argentina: Country Economic Forecast: 21 Feb 2012

11 Pages Oxford Economics February 21, 2012 SKU: OFE6823943

As expected, the pace of economic activity is now slowing, having been relatively resilient to the global downturn in earlier months. The annual rise in the economic activity indicator slowed to 5.5% in December from 7.6% in November (and to 7.1% in Q4 from 9.3% in Q3), but the 2011 average was still strong at 8.8%. For 2012 we forecast GDP growth will moderate to 4%, held down by weaker external demand from Brazil and a less favourable global outlook. In addition, growth is likely to be hampered by declining competitiveness and supply constraints, especially in the electricity sector. Capital outflows moderated in 2011Q4 to US$3.3bn from US$8.4bn in Q3. The easing in outflows came after government measures to boost the supply of dollars and discourage capital flight. Capital outflows totalled US$21.5bn last year versus US$11.4bn in 2010. According to official data, the monthly rise in consumer prices in January was 0.9%, up from 0.8% in December, lifting the annual inflation rate to 9.7% from 9.5%. We expect the official inflation rate to rise to over 12% by the end of 2012, driven by a weaker currency and a reduction in energy subsidies.

Show Full Description

Show Table of Contents

Argentina: Country Economic Forecast: 21 Feb 2012

Oxford Economics
February 21, 2012

Search inside this report

Pricing & Delivery

Online Download
Global Site License

Didn't find what you are looking for?

Let us find it for you. One of our knowledgeable research assistants will work with you to find exactly the right research to answer your questions:

US: 800.298.5699 International: +1.240.747.3093 Or leave us a message and we'll call you back!

Receive bi-weekly email alerts for new market research.

CTA Image

Download our free eBook: How to Succeed Using Market Research

Learn how to effectively navigate the market research process to help guide your organization on the journey to success.

Download CTA

Share this report