A recent survey reflects an optimistic sentiment in Argentina, where 69% of respondents expect further improvements in asset prices. The country's total income experienced a 2% decline in real terms, primarily affected by non-tax revenues. According to analysts, Argentina has numerous factors that can boost its economy, such as elections, disinflation, and reduction of regulatory risks.
In the previous session, an average increase of 5% was observed in the Argentine market, which helped recover some of the losses recorded the day before and limited the impact of the so-called "LIBRA effect" on the markets. INDEC will publish wholesale inflation data today, which is estimated to be around 1%, reaffirming the downward trend in inflation in the economy.
Additionally, today Javier Milei will begin a tour in the United States, where signals of support from the U.S. government towards the current administration in Argentina are expected. On the other hand, amid economic challenges, the fiscal consolidation and the strength of the country's economic fundamentals stand out, according to comments from experts and publications from prominent figures like Luis Caputo.
During recent days, variations in the quotations of Argentine assets were observed in both local markets and New York. Despite volatility and political noise, the economic fundamentals of Argentina remain strong, according to surveys and reports from financial entities. Additionally, it is expected that additional resources from the International Monetary Fund can be obtained to strengthen the reserves of the Central Bank of Argentina.
In short, despite the challenges and uncertainty, there is a positive sentiment around Argentina and its economy, backed by investor and analyst confidence in the country's evolution.
