BBVA: Argentina Economic Outlook. December 2023

Post available in: English Español

Javier Milei will be Argentina’s new president. He takes office to correct strong imbalances in the fiscal, monetary and exchange rate fronts. Adjusting spending and changes in relative prices will lead to an acceleration of inflation and further contraction of GDP in the short term.

Key points

  • The alliance with a wing of “Juntos por el Cambio ” provides some moderation and greater governability to the new Government.
  • The first announcements confirmed a robust fiscal adjustment, greater deregulation and opening of the economy, which in the short term will cause a more significant drop in GDP than initially expected for 2024 (up to -4%).
  • We expect rapid progress towards the normalization of the foreign exchange market, with a liberalization of restrictions that would generate a depreciation of the peso to ARS/USD 800 by the end of 2023.

Contact the Gateway to South America team to learn about the best investment opportunities in the region. The company is a benchmark for foreign investors wishing to invest in Argentina, Brazil, Chile, Paraguay, Peru and Uruguay, providing expert advice on property acquisition and investment tours.

The Gateway Team – When You are Serious About Property

(Visited 97 times, 1 visits today)

About Gateway to South America

Established in 2006, Gateway to South America began as a single office in Buenos Aires. Since then, it has grown into a vibrant regional network, providing professional real estate marketing services to clients in Argentina, Brazil, Chile, Paraguay, Peru, and Uruguay. If you enjoy reading our news site, please share it on your social media!

Post available in: English Español


Comments from our readers

Real Estate and Investment News from South America
Visit us on LinkedInVisit us on FacebookVisit us on TwitterVisit us on Pinterest