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Economists at Argentina’s CAC See No Consumption Boom Through 2027

Fiscal consolidation with rising household saving is cited as the main brake on demand.

Overview

  • Private analysts told a Cámara Argentina de Comercio audience that consumption should stabilize rather than surge in 2026–2027, despite a post‑election lull in uncertainty.
  • Ecolatina’s Federico Moll reported that household saving has climbed from about 6.2% of income in November 2023 to over 16%, while fixed costs rose to 27.8%, leaving roughly 55% for discretionary outlays.
  • CAC chief economist Matías Bolis Wilson expects a modest pickup in spending in November and December after the elections, yet he does not foresee a boom.
  • C&T’s Camilo Tiscornia highlighted the post‑election chance to entrench a fiscal surplus, crediting reduced money issuance to cover deficits with the slowdown in inflation.
  • Moll warned that a proposed tax reform could initially weigh on disposable incomes and said employment is shifting from formal salaried jobs toward self‑employment, with INDEC unemployment cited at 7.6%.