Argentina (Real GDP, yoy %)
2018201920202021
Consensus (median)2.152.833.2
High estimate43.73.23.2
Low estimate0.712.13.2
Standard Deviation0.910.70.30
Count of Estimates322881
[Negative]

Some businesses would be upset if they (as it was announced by the Government) cut economic subsidies mainly for energy and transport. I do not think that for these funds they (the government) may find more efficient application in others sectors if the money really be transferred to any of demanding sectors at all. I bet that the funds will go to government itself (for their internal needs) as it was in Argentina history from time to time.

[Positive]

Most sources say that the economy of Argentine is expected to accelerate in 2018 and 2019 on the grounds of the increase of consumption and investments in fixed assets. I remember that they want to raise infrastructure's investments by 20% this year. It is very nice and promising for businesses which engaged in mineral resource extraction, agricultural and chemical sector, well would be done and for the others in total. In such scenario GDP would expand minimum by 3% this year and by 4% in 2019. It is also worth to note (on my opinion this is important) that the government announce to cut the spending's on state apparatus. Nonetheless, this in total is ideal picture. To be skeptical for GDP, I guess adequate rates for 2018 and 2019 are 2% and 2.5%