Overview
- At CAC events after the vote, analysts said there will be no consumption boom next year, with spending likely to stabilize or edge lower.
- Ecolatina data show households raised the saving share of income from about 6% in late 2023 to roughly 16% by September as fixed costs rose and discretionary budgets shrank.
- Household indebtedness roughly doubled over 18 months to near 7% of GDP, with credit use rising from a low base and delinquency rates hitting multi‑year highs.
- Formal salaried jobs are declining while self‑employment grows, and economists expect durables to fare better than mass‑consumption goods as imports and credit pick up.
- Offering a conditional counterpoint, Ricardo Arriazu said the worst of the trade balance has passed and sketched a 2026 growth scenario near 6% on an agricultural rebound and new energy and mining investment.