The market expects lower inflation in December and 4.4% economic growth for the full year

The central bank’s monthly Market Expectations Survey (REM) predicts this Inflation was supposed to stabilize in November and decline in December. According to the report released on Thursday, they expect the Consumer Price Index (CPI) to reach 2.3% in November, which is tied to the October result.

In the previous poll, the forecast for November was for the CPI to reach 2.7%. For December, the forecast was 2.1%. Going forward, they expect growth to reach 1.9% in January and a downward spiral to 1.5% in May.

This report issued by the Central Bank publishes the results of the survey that was conducted Between 26 and 28 November with 46 participantsincluding 34 local and international consulting firms, research centers and 12 financial entities in Argentina.

In a November survey, REM analyst group estimated this In the third quarter of the year, seasonally adjusted GDP was expected to grow by 0.5%. Compared to the second quarter of 2025. They expect activity to also advance 0.8% in the fourth quarter, an estimate that improves the October forecast by 0.5 percentage points.

This means they expect it for the entire year of 2025 Increase in gross output by 4.4%Higher than the previous estimate of 3.9%.

The open unemployment rate for the third quarter was estimated at 7.5% of the economically active population. The group of participants in the REM movement expects the growth rate to reach 7.2% in the last quarter of 2025.

The average nominal exchange rate forecast was at $1,472.9 per dollar for the December average, giving an expected annual variance of 44.3%.

So far, analysts do not see sudden changes in the exchange rate. For December 2026, the group of participants expects a nominal exchange rate of $1,720which gives an expected annual variance of 16.8%. Expected inflation for next year is 19.1%during the calculation 11.5% On an annual basis for the year 2027.