Monthly

Energy and Inflation: Possible and Impossible Solutions

Junio 2007

And the economy keeps rolling. The economy continues to benefit from the very high commodity prices for agricultural products while the overall level of activity is still being pushed by expansionary macroeconomic policies. Nevertheless, at this time the economy is showing increasing signs of being overheated an...

Economics and Politics at a Turning Point

Mayo 2007

Energy and public transportation become a big issue. In the last few weeks there has been a clear turning point in the political and social atmosphere in Argentina that could have an important effect on economic policies after the October elections. The government suddenly found itself on the defensive as a resu...

Three Scenarios for Inflation and the Real Exchange Rate

Abril 2007

Consumption keeps the economy going. Consumption spending is becoming more and more critical to sustain the current growth span. The economy has been benefiting from an important consumption boom that is reflected in the large increase in the sales of automobiles (around 20% YoY) and the high rates of growth in...

Macroeconomic Performance in the Election Year

Marzo 2007

Growth: Consumption keeps the momentum and the main strength is now in the service sector. The most recent indicators of economic activity are still mixed, but some key variables start to hint that the economy is slowing down in some sectors, though it is still very gradual. In real estate there has been a clea...

The New Inflation Magic

Febrero 2007

Inflation is becoming a bigger headache. The economic events this month have been dominated by the doubts generated about the accuracy of the January CPI. Its level has an important effect on the prices of the bonds that are adjusted based on the CER (namely the CPI, at least so far) and is expected to also have...

Informe Mensual – Resumen

Enero 2007

Una lectura de los indicadores recientes. La actividad económica mantiene su fortaleza y el crecimiento económico del 2006 estará en torno al 8.5%. Luego de cuatro años de crecimiento elevado, la economía enfrenta cada vez más “cuellos de botella”, se hace ca...

Can anything change in 2007?

Diciembre 2006

The Argentine economy concludes its fourth year of very strong growth that has allowed GDP per capita to finally get back to the previous peak level of 1998. Investment is still increasing and it now represents 22% of GDP, the rate of unemployment continues to decline and the economy still enjoys the twin surpl...

The Myths and Realities of Investment

Octubre 2006

The long run is approaching. While growth continues to exceed expectations (8.6% in August, which was one percentage point higher than the consensus), there are more and more signals indicating that we are getting closer to the end of the smooth sailing period. The economy is reaching the point where many of th...

Growth is Beautiful. Can Energy and Inflation Spoil the Party?

Septiembre 2006

Can anything go wrong? The performance of the Argentine economy continues to surprise everybody as the growth numbers consistently outperform expectations. The most recent indicator of economic activity, corresponding to July 2006, shows that the economy is growing at 9.3% per annum, and that it increased ...

The burden of the Debt is Falling despite Worse Fiscal Accounts

Agosto 2006

What"s new? Not very much. The Argentine economy continues to generate positive data. Recorded inflation in July was only 0.6%, at least three tenths of one percent lower than market expectations and now accumulates 10.6% over the last year. This reduction in inflation is taking place although nominal wages are ...

Informes Mensuales

Energy and Inflation: Possible and Impossible Solutions

Energy and Inflation: Possible and Impossible Solutions

Economics and Politics at a Turning Point

Economics and Politics at a Turning Point

Three Scenarios for Inflation and the Real Exchange Rate

Three Scenarios for Inflation and the Real Exchange Rate

Macroeconomic Performance in the Election Year

Macroeconomic Performance in the Election Year

The New Inflation Magic

The New Inflation Magic

Informe Mensual – Resumen

Informe Mensual – Resumen

Can anything change in 2007?

Can anything change in 2007?

The Myths and Realities of Investment

The Myths and Realities of Investment

Growth is Beautiful. Can Energy and Inflation Spoil the Party?

Growth is Beautiful. Can Energy and Inflation Spoil the Party?

The burden of the Debt is Falling despite Worse Fiscal Accounts

The burden of the Debt is Falling despite Worse Fiscal Accounts

Recomendados