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Analysis by Region - Emerging Markets - Argentina

Publisher Oxford Economics
Published Mar 31, 2023
Length 10 Pages
SKU # OFE17888510

Description

Analysis by Region - Emerging Markets - Argentina

Argentina's economy grew 0.3% m/m in January, according to the monthly GDP indicator (EMAE). This modest expansion breaks a streak of four consecutive monthly declines in activity since September last year. However, we still expect the economy to remain on a downward trend, as severe droughts greatly affected prospects for soybean and corn crops this year, which adds to the growing list of downside risks to our 2023 GDP forecast of a 2% contraction.

Table of Contents

10 Pages
Argentina: Droughts add severe downside risk to our 2023 outlook
Forecast overview
Recent developments
Short-term outlook
Key drivers of our short-term forecast
Economic risk
Economic risk evaluation
Risk warnings
What to watch out for
Exposure to key global risks
Long-term prospects
Background
Economic development
Structure of the economy
Balance of payments and structure of trade
Policy
Politics
How Do Licenses Work?
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