Open figure viewer
Significance
Finance Minister Alfonso Prat-Gay described it as "based on the truth", but it relies on several optimistic assumptions, in particular on growth and inflation rates. Government efforts to attract investment to boost growth have been favourably received thus far but will likely take time to bear fruit.
Impacts
Both foreign and domestic investors will be tempted to hold off on long-term plans until after the 2017 elections.
The unpredictable speed of any recovery in Brazil will also be key to meeting growth and foreign trade targets.
Rising federal and provincial government new bond issues risk storing up fresh debt concerns in the medium term.
Keywords:
Argentina,
LA/C,
economy,
politics,
election,
exchange rate,
fiscal,
foreign investment,
foreign trade,
government,
growth,
infrastructure,
investment,
legislation,
monetary,
opposition,
policy,
prices,
public sector,
regional,
wages
© Oxford Analytica 2020. All rights reserved. This content contains general information about geopolitical, macroeconomic and social developments or (where stated) other matters. It does not contain advice or recommendations that may be relied on. Where links to external websites are provided, this does not indicate that Oxford Analytica or Emerald agree with, endorse or have checked for accuracy the contents of said sites.
2016
You do not currently have access to this content.
