Argentina's government projects 4% growth and 18% inflation for 2027
Milei government unveils its forecast in 2027 Budget bill that it will present to Congress; Annual inflation currently stands at 33.5%. Leer más
Argentina's government under President Javier Milei is projecting a GDP growth of 4% and 18% inflation for 2027, as outlined in the 2027 Budget bill. This forecast comes ahead of Milei's re-election bid for another four-year term. Milei's government has implemented austerity measures that have led to improvements in macroeconomic indicators, with inflation falling from triple-digit levels to 33.5% year-on-year in August.
However, these measures have also resulted in deep cuts to public spending, closures of state agencies, job losses, and a decline in the purchasing power of wages and pensions. The government expects average wages to rise by 25.4% in 2027, outpacing inflation, and the exchange rate is forecast to average 1,728 pesos per US dollar. The Budget bill also forecasts a trade surplus of US$15.56 billion.
Brief written by urgent.news from Buenos Aires Times's own syndicated text. Machine-written — may contain errors; check the original before relying on it.
