Argentina: 2017 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Argentina

December 29, 2017

Preview Citation

Format: Chicago

Argentina: 2017 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Argentina, (USA: International Monetary Fund, 2017) accessed September 19, 2024

Summary

This 2017 Article IV Consultation highlights that Argentina’s government has made important progress in restoring integrity and transparency in public sector operations. These policy changes have put the economy on a stronger footing and corrected many of the most urgent macroeconomic imbalances. Private consumption strengthened in 2017, supported by greater real wages and buoyant credit growth. With stronger domestic demand, the trade surplus turned into a deficit and the current account deficit increased. Annual inflation has declined from its peak in 2016, but remained relatively resilient and inflation expectations moved up, prompting the central bank to raise interest rates. Going forward, GDP growth is expected to consolidate, inflation inertia will slowly subside, and the fiscal deficit will gradually fall.

Subject: Expenditure, Government debt management, Inflation, Labor, Prices, Public debt, Public financial management (PFM), Wages

Keywords: Asset recovery bill, CR, Debt, GDP, Global, Government debt management, Indexation formula, Inflation, Inflation expectation, ISCR, Labor market reform bill, Pension indexation reform law, Reform, Wages

Publication Details

Pages:

83
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2017/409
Stock No:

1ARGEA2017001
ISBN:

9781484335741
ISSN:

1934-7685

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