Argentina – Moodys expects the economy to grow 3% and an inflation rate of 20%

08, February

The American credit rating agency, Moodys, estimated that the Argentinian economy will grow 3% in 2017, after ...

The American credit rating agency, Moodys, estimated that the Argentinian economy will grow 3% in 2017, after experiencing a decrease of the GDP of 1.5% in 2016.

Moodys estimations are in line with the estimations of several private consultancy firms and international organizations. And it is only 5 tenths below the estimations of the Argentinian governments in the 2017 Budget.

The American agency expects a consolidation of the Argentinian growth in 2018, with a rise of the GDP of 3.5%.

Moodys data appear in the analysis that it makes on the emission of bonus of different local companies, the last of them involves the company Aeropuertos Argentina 2000.

In nominal terms –according to the agency- the size of the national economy grew in 2016 USD 542 thousand millions; this year it would go to USD 573.5 thousand millions; and by 2018, it would rise to USD 607 thousand million. The later would be the highest third in the country’s history, beaten in 2013 (when 613 thousand million dollars) and 2015 (almost 633 thousand million), but these figures are only a statistical reference, as they actually reflect the exchange rate lag in those periods.