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Analysis by Region - Emerging Markets - Argentina

Publisher Oxford Economics
Published Mar 26, 2025
Length 10 Pages
SKU # OFE19906819

Description

We've raised our 2025 GDP growth forecast for Argentina by 0.3ppts to 3.9% but lowered our projection for 2026 by 0.5ppts to 2.6%. The 2025 revision reflects strong consumption momentum in Q1, while the 2026 cut is due to base effects. The threat of droughts due to the La Niña weather pattern, the likely deal with the International Monetary Fund, and the end of capital controls are key events to monitor in 2025. Both forecasts remain below consensus.

Table of Contents

10 Pages
Argentina: Strong consumption momentum drives our GDP revision
Forecast overview
Recent developments
Short-term growth outlook
Key drivers of our short-term forecast
Economic risk
Economic risk evaluation
Risk warnings
What to watch out for
Exposure to key global risk scenarios
Long-term prospects
Background
Economic development
Structure of the economy
Balance of payments and structure of trade
Policy
Politics
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