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The budget deficit is increasing markedly and will probably top 6% of GDP in 2024 -- the highest level since the late 1980s -- while economic growth remains in the 2-3% range.
These difficulties have arisen despite the sharp rise in oil output to nearly 143 million barrels last year, from which the government received some USD1.6bn in revenues. Oil…
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DOI: 10.1108/OXAN-DB286685
ISSN: 2633-304X
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Geographic
Topical
Their economic proposals are intended to impress voters but seem largely uncosted and risk generating unrealistic expectations of the winner. Polling points to a clear victory for…
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DOI: 10.1108/OXAN-DB287016
ISSN: 2633-304X
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Geographic
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Price hikes for petrol, electricity, water and gas are among several adjustment measures that will drive up living costs, compounding already high inflation. Meanwhile…
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DOI: 10.1108/OXAN-DB285006
ISSN: 2633-304X
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Geographic
Topical
Expectations for 2024 suggest lower inflation than last year, but risks persist. The OECD forecasts moderate GDP growth, highlighting inflation and interest rate concerns. Minimum…
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DOI: 10.1108/OXAN-DB284490
ISSN: 2633-304X
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Bond markets have responded positively to Milei’s victory, followed by the announcement that he would re-privatise state oil company YPF and other companies, but domestic exchange…
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DOI: 10.1108/OXAN-DB283523
ISSN: 2633-304X
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Elections are not scheduled until June 2024, but the remainder of this year will be dominated by preparation, posturing and manoeuvring. Economic growth is gaining momentum, but…
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DOI: 10.1108/OXAN-DB280105
ISSN: 2633-304X
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The expansion was largely driven by a booming agricultural sector, whose output rose by 21.6%. The services sector, which accounts for around two-thirds of added value in the…
Various interest groups, including the private sector, political actors and civil society organisations, are likely to put pressure on the government to reduce its revenue targets…
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DOI: 10.1108/OXAN-DB273323
ISSN: 2633-304X
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Geographic
Topical
The country’s poverty rate stood at 52.4% in 2020 according to the World Bank, a 5-percentage-point increase on the level prior to the COVID-19 pandemic. The World Bank…