ARGENTINA
Analyst
Domingo Cavallo
Former Economy Minister and Central Bank PresidentDatabanks
Recent Country Insights
Inflation continues to trend downward. For this trend to solidify, the process of the removal of exchange controls must be clearly outlined.
ARGENTINA · Report · 06 May 2024
The monthly inflation rate reported by INDEC for April is expected to be around 8.5%, three percentage points higher than the estimates based on online prices. This disparity is attributed to adjustments in prices and utility tariffs previously heavily controlled and distorted by the former gover...
How close is the unification and liberalization of the exchange market?
ARGENTINA · Report · 10 Apr 2024
Favorable financial indicators—the reduction of the gap between the official exchange rate and the pseudo-free exchange rates (the CCL and the "blue"), the accumulation of reserves and the decrease in country risk—are encouraging, but they should not be taken as indicators that the convergence of...
Milei’s first four months
ARGENTINA · Report · 08 Apr 2024 · 1 response
In our previous monthly report, we used the reference to the movie “The Matrix” to conceptually illustrate the costly process of “awakening” an economy from its unsustainable macro policies. The economy would be awakened to a reality that is fiscally and monetary more sustainable, with better inv...
Patience and trust, with sticks and carrots
ARGENTINA · Report · 04 Mar 2024
Friday night´s “Address to the Nation”, at the opening session of the Congress, was quite insightful for an event that is often used by presidents merely to praise their own mandates. Milei presented a broad-based overview of his immediate and medium-term political goals. All of these are, in gen...
The complex awakening from the Kirchnerist "Matrix"
ARGENTINA · Report · 29 Feb 2024
Leaving aside Mauricio Macri’s four-year mandate, Argentina has been immersed over the last 23 years in an economic environment defined by taxing state interventions into basic individual economic decisions. Repeatedly, the “Kirchnerist” governments tackled macroeconomic imbalances by applying mi...
Government’s setback in Congress, Omnibus law returns to commissions
ARGENTINA · In Brief · 07 Feb 2024
In yesterday's Congress session, the government withdrew the Omnibus law from the debate in the Lower House and sent it back to the respective commissions for further discussions. This represents an important congressional setback, considering that the Omnibus law had already been trimmed, in pri...
Charting the economic course under President Milei: a 2024 projection
ARGENTINA · Forecast · 11 Jan 2024
In the brief span since December 10, President Milei's administration has unleashed a barrage of announcements and policy announcements that surpass the combined dynamism witnessed during the eight years of the Macri and Fernandez governments. This fervor signals Milei's commitment to transformat...
Does Milei’s reform program risk insurmountable resistance?
ARGENTINA · In Brief · 21 Dec 2023
Last night, in a recorded speech on national television, President Javier Milei announced the signature of a Decree of Necessity and Urgency (DNU), which includes more than 300 reform points. He gave his speech in the company of all his cabinet (who had co-signed the DNU), with the addition of Fe...
Webinar replay - Argentina: What to expect from the Milei administration
ARGENTINA · Report · 15 Dec 2023
Visit our calendar page to watch the replay of our webinar on Argentina's new administration so you can gauge how the change in leadership will impact the country’s macro outlook and political agenda.