# Argentine peso needs devaluing, Goldman Sachs report says — MercoPress

> A Goldman Sachs macroeconomic report released December 21 says Argentina faces strong headwinds in 2022 and 2023 without fiscal or monetary anchors, and that the peso needs to be devalued. The bank projects GDP growth slowing to 2.9% in 2022 and inflation staying high. It also flags the IMF refinancing of short-term debt as an unresolved issue.

- Date: 2021-12-22 · published 2021-12-22T12:00:00.000Z
- Category: macro · region Argentina · magnitude low
- Page: https://feedsoft.ai/events/43888-argentine-peso-needs-devaluing-goldman-sachs-report-says-mercopress
- Commodities: [Argentine Peso (ARS per USD)](https://feedsoft.ai/c/USDARS.md)

## Why it matters

A forecast of peso devaluation and persistent inflation points to continued weakness in Argentina's currency, which can make its soymeal and grain exports more competitive on world markets. Uncertainty over IMF refinancing adds to pressure on local export sellers.

## Read by commodity

- USDARS: bullish ▲

## Sources

- en.mercopress.com: https://en.mercopress.com/2021/12/22/argentine-peso-needs-devaluing-goldman-sachs-report-says

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.