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1.Summary

Por , , , ,

Economic growth more widespread and at a faster pace. GDP posted growth of 0.7% QoQ in 2Q17 and would reach 4Q at 4% YoY, in line with our estimated increase of 2.8% for 2017

Unidades:
Geografías:Argentina Latam


2.The positive global environment is strengthening

Por , , , ,

Robust and steady global growth with a more synchronized recovery across areas. Favourable environment in financial markets and normalization of monetary policies. Higher global growth on the upward revision in Europe and China. The U.S.: sustained growth in spite of political uncertainty and natural disasters. China: a more promising outlook in the short term

Unidades:
Geografías:Argentina Latam










7.The external deficit will continue to widen without becoming unsustainable

Por , , , ,

The trade deficit continued to burgeon in 2017, with a balance of -USD1,443 million in the first eight months of the year, a trend that will become more pronounced in 2018 up to deficit of USD8,800 million against a background of higher economic growth and slight fall in the terms of trade

Unidades:
Geografías:Argentina Latam


8.Cycle of deeper structural reforms will begin but will not be exempt from political risks

Por , , , ,

After the elections, the government is intending to discuss the budget and the distribution of funds with the provinces, with the aim of limiting the growth in provincial and national primary spending

Unidades:
Geografías:Argentina Latam



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