Argentina Economic Outlook
February 13, 2018
Recent data suggest economic growth cooled in the fourth quarter of 2017. Industrial production barely increased in December after eight consecutive months of expansion, and the index of economic activity lost steam in November. The external sector closed 2017 with the largest trade deficit on record and will likely cause the current account deficit to swell in Q4. Argentina’s widening current account deficit is becoming increasingly worrying, not only because it drives up the economy’s vulnerability to external shocks, but also because it is putting additional pressure on the Argentine peso and the country’s ballooning external debt obligations. The currency continued to depreciate in January at a moment when subsidies for basic products, such as energy and transportation, were slashed, contributing to stubbornly-high inflation. Despite additional subsidy cuts in the pipeline, the government’s fiscal spending and need to tap into international debt markets are expected to remain elevated in the foreseeable future.
Argentina Economic Growth
The economy is set to grow at a faster pace in the next two years on the back of growth in fixed investment and private consumption; private consumption is nevertheless expected to decelerate from 2017’s print in part due to persistent inflation. FocusEconomics panelists see the economy expanding 3.0% in 2018, which is unchanged from last month’s forecast. For 2019, growth is expected to reach 3.2%.
Argentina Economy Data
Latin America: the emerging focus
Investors in North America feeling frustrated with the relative lack of PPP and transport activity are increasingly looking south. Mexico was the sixth biggest infrastructure debt market globally in 2017 with $12.5billion of deals, while there is encouraging activity in Peru, Colombia and Chile; including transportation PPP and the presence of European contractors and equity investors.
There is evidence to suggest these markets should no longer be considered emerging, with many deals sold to international investors based on strong financial structures. Argentina continues to provide a mix of renewables and power project deals, while Brazil recovered from its investment doldrums with over $9 billion of transactions in 2017, mainly in the renewables sector.
Compliance is not enough to thwart cyber attacks
The energy industry is at a significant inflection point. Today’s utilities must contend with an electric power grid that has become significantly more distributed, more networked, and more transactional. Meanwhile, oil and gas companies are in the middle of a prolonged downturn, causing leaders to look for new innovations that can make their businesses more efficient. (more…)
Sustainability is action today that anticipates tomorrow
Sustainable practices integrate the firm’s environmental, social, and economic activities to enhance our ability to thrive under anticipated future conditions. As we pursue sustainability with our communities and partners, we are making a fundamental transition: (more…)
IoT is not like IT, and traditional cyber thinking only takes you so far
As a society, we’re rushing into the Internet of Things (IoT) at a breakneck pace, applying it to anything and everything we can think of—cars, planes, and trains, pacemakers, light bulbs, baby monitors, homes, offices, factories, nuclear power plants, electric grids, even children’s dolls. (more…)
Accelerating medical tech to advance public health
An ever-expanding landscape of new medical products and therapies demands an equally fast-moving evolution of regulatory actions and policy. From brand new drugs to insulin delivery devices and cancer screening equipment, agencies including the Food & Drug Administration and the Center for Drug Evaluation & Research face the challenges of rapidly evolving science and technology. (more…)
Take the next step to a great career
Our hiring process is designed to lead the best representative candidates to the right country. Are we looking for you? To find out, get to know Iseetrust – Iseetrade and help our recruiters and hiring managers get to know you by providing information online about your background and preferences. (more…)
With CP2I, organizations embrace efficiency and innovation
Doing more with less is the new normal for federal government organizations. Government leaders are expected to manage change, stay current, and deliver more and better services or products—and to do so with stagnant or shrinking budgets and resources. (more…)