# Argentina: the dilemmas of macroeconomic adjustment

> A CaixaBank Research analysis reviews Argentina's macroeconomic adjustment since Mauricio Macri took office in December 2015. It notes inherited problems including low growth, inflation near 25%, an overvalued exchange rate, and a 6.6% of GDP budget deficit, and outlines the four pillars of the policy: liberalisation, tighter monetary policy, fiscal consolidation, and restoring investor confidence.

- Date: 2017-03-20 · published 2017-03-20T12:00:00.000Z
- Category: macro · region Argentina · magnitude low
- Page: https://feedsoft.ai/events/72254-argentina-the-dilemmas-of-macroeconomic-adjustment
- Commodities: [Argentine Peso (ARS per USD)](https://feedsoft.ai/c/USDARS.md)

## Why it matters

Argentina's shift toward a market-based peso and reduced subsidies shapes the peso's path and the country's farm export incentives, which in turn affect soymeal, corn and wheat export availability. A stronger or freer peso generally encourages farmer selling and export flows.

## Read by commodity

- USDARS: neutral

## Sources

- caixabankresearch.com: https://www.caixabankresearch.com/en/economics-markets/activity-growth/argentina-dilemmas-macroeconomic-adjustment

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