Skip to main content

Argentina: is Macri already a busted flush?

The Argentine government’s recent upward revision to its 2017 budget deficit forecast has added to concerns that President Macri’s reform agenda is already starting to slow after less than a year in office. However, while it’s true that momentum has stalled in recent months as attention has shifted to next year’s legislative elections, a more gradual approach to fiscal retrenchment is probably justified given current economic weakness. In the meantime, it’s worth bearing in mind that Mr. Macri has already made substantial progress in other areas, including liberalising the exchange rate and scaling back government subsidies.

Become a client to read more

This is premium content that requires an active Capital Economics subscription to view.

Already have an account?

You may already have access to this premium content as part of a paid subscription.

Sign in to read the content in full or get details of how you can access it

Register for free

Sign up for a free account to gain:

  • Unlock additional content
  • Register for Capital Economics events
  • Receive email updates and economist-curated newsletters
  • Request a free trial of our services


Get access