BCRA anticipates significant increase in GDP and higher demand for pesos

The Central Bank (BCRA) stated in its latest Monetary Policy Report (IPOM) that the Gross Domestic Product (GDP) will experience a significant increase in the fourth quarter, following a decline in the third quarter, thanks to the normalization of agricultural activity and the dissipation of transitory factors that affected the economy in July. A higher demand for pesos is also anticipated in the final stretch of the year. Despite short-term volatility in monthly activity indicators, which could be influenced by the exceptional reduction of working days in November due to the visit of Pope Leo XIV, GDP is expected to record an annual advance for the second consecutive year in 2026. However, current geopolitical conflicts could tighten international financial conditions and limit the growth of external demand, which could affect investment and the performance of some tradable sectors.

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