Skip to main content

Macroeconomic outlook report: Argentina

Fourth quarter of 2019

During the fourth quarter of 2019, the Argentine economy registered a smaller deceleration, registering a year-over-year rate of -1.14%. This was due to a slower fall in the domestic demand. In the labor market, the unemployment rate fell 0.80 p.p. from the previous quarter to 8.90%, while the year-over-year growth rate of employment rose 0.40 p.p. from the previous quarter to -0.26%. In terms of prices, inflation stood at 51.33%, following a deceleration of 1.97 p.p. from the previous quarter. Finally, the Argentine peso depreciated to 59.38 pesos per dollar.

Macroeconomic overview

  • During 4Q19, Argentina’s economy registered a smaller deceleration, registering a rate of -1.14%, which was 0.62 p.p. higher than the previous quarter. This was due to the slower deceleration of domestic demand, which is still in negative growth.
  • In the labor market, the unemployment rate fell by 0.80 p.p. from the previous quarter to 8.90%. The year-on-year growth rate of employment accelerated by 0.40 p.p. from the previous quarter to -0.26%.
  • In 4Q19, the Argentine peso devalued against the dollar, reaching an exchange rate of 59.38 pesos per dollar, 8.79 pesos per dollar more than in 3Q19.
  • During the fourth quarter of the year, the variation in the price index stood at 51.33%, after a deceleration of 1.97 p.p. with respect to the previous quarter.

For more information, click here to access the executive document in pdf (only avalaible in Spanish).

© GMS Management Solutions, S.L., 2020. All rights reserved. The information contained on this publication is of a general nature and does not constitute a professional opinion or an advisory service. The data used in this publication come from public sources. GMS Management Solutions, SL assumes no liability for the veracity or accuracy of such data.