Argentina: The Main Growth Drivers Looking Into 2017
By: Adrian Limoli
After impressive YTD gains in Argentina’s financial markets, growing FDI and portfolio investments, it is clear that the optimism for the country continues to grow.
However, the country’s real test is in its real economy, which is still slowing down driven by the strong price reaccommodation that is still taking place.
Nonetheless, there are three optimistic initiatives that could lift GDP growth in 2017 and beyond: disinflation, fiscal stimulus and a new tax amnesty.
As predicted in previous articles, Argentina experienced a phenomenal YTD rally. Its domestic benchmark, Merval index, continues to break records while its fixed income market has brought something unseen in today's negative yields world: amazing capital gains as well as juicy coupons.
External Link: CLICK HERE FOR FULL ARTICLE.