Macroeconomic Forecast Argentina

April 2006 | Macroeconomic Forecasts

The current account surplus exceeded expectations in 2005, ending the year at US$5.4bn. This resulted from both a strong trade balance (of US$11.3bn), and a decrease in interest payments resulting from an improved debt profile following the debt restructuring. The export sector continued to perform well in the first two months of 2006, posting growth of 15.2% on ytd exports vis-à-vis the same period of 2005. Imports, however, continued to outpace exports, growing by 23.4% over the same period. We see the trade surplus declining in 2006 to approximately US$10.0bn. The current account surplus will also fall (to US$2.8bn by the end of the year).

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