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In late January, Argentine government officials finally had some encouraging data that a long hoped-for economic rebound might actually be materializing. Figures from the national statistics agency INDEC showed that month-on-month economic activity went up 1.4 percent between October and November, the second straight month of increase. An internal government document leaked to Clarín in January estimated that growth had increased by close to one percent in the last quarter of 2016. While this was a far cry from the optimistic scenario painted by former Finance Minister Alfonso Prat-Gay, who was sacked last December, the numbers are feeding a narrative by the government of President Mauricio Macri that the Argentine economy is on a clear path to recovery. According to Minister of Production Francisco Cabrera, “all the conditions are in place for Argentina to grow between 3.5 and five percent” in 2017.

Read the full article, reprinted with permission from Latin Trade.

Photo Credit: Agencia Brasil do Fotografias / Flickr / Creative Commons


About the Author

Cindy Arnson

Cynthia J. Arnson

Director, Latin American Program
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Latin American Program

The Wilson Center’s prestigious Latin American Program provides non-partisan expertise to a broad community of decision makers in the United States and Latin America on critical policy issues facing the Hemisphere. The Program provides insightful and actionable research for policymakers, private sector leaders, journalists, and public intellectuals in the United States and Latin America. To bridge the gap between scholarship and policy action, it fosters new inquiry, sponsors high-level public and private meetings among multiple stakeholders, and explores policy options to improve outcomes for citizens throughout the Americas. Drawing on the Wilson Center’s strength as the nation’s key non-partisan forum, the Program serves as a trusted source of analysis and a vital point of contact between the worlds of scholarship and action.  Read more

Argentina Project

The Argentina Project of the Latin American Program, aspires to be the premiere institution for policy-relevant research on the political and economic reforms underway in Argentina. The project will be a valuable resource for senior officials in the U.S. and Argentine governments, lawmakers, investors, diplomats, and journalists.  Read more