Analysis by Region - Emerging Markets - Argentina

We’ve raised our 2025 GDP growth forecast for Argentina by 0.2ppt to 4.1% to reflect strong January and February data but have cut our 2026 projection by 0.5ppts to 2.1%. Although Argentina has limited exposure to US tariffs, the global economic slowdown will weigh on growth in next year.


Argentina: Milei makes a bold move by lifting FX controls
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
Alternative long run scenarios
Background
Economic development
Structure of the economy
Balance of payments and structure of trade
Policy
Politics

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