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Significance
In 2014, real GDP expanded by 0.5%, according to the National Statistics Institute (INDEC). Public consumption was the counter-cyclical driver while the other components of aggregate supply and demand contracted. However, private estimates have the economy declining by 2-3% because of domestic and external constraints.
Impacts
External constraints will continue to limit growth this year.
The next administration will find it difficult to reverse widespread government intervention, should it wish to do so.
In the medium term, improving political expectations may sustain some modest economic rebound.
Keywords:
Argentina,
LA/C,
economy,
industry,
politics,
agriculture,
automobile,
consumer,
election,
exchange rate,
foreign trade,
growth,
investment,
manufacturing,
policy,
prices,
regulation,
retail,
wages
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2015
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