A new report from the U.S. investment bank Goldman Sachs outlined an economic outlook for the region and devoted a relevant section to Argentina, with projections that anticipate a marked slowdown in inflation, continuity of fiscal balance, and growth in economic activity in the coming years.
Among the key data, the document estimates that, thanks to the successful economic program of the government of Javier Milei, Argentine inflation could stand at 20% in 2026, which would represent the lowest level since 2013.
The analysis indicates that, after two consecutive years with triple-digit inflation, the disinflation process would continue in a sustained manner. By the end of 2025, Goldman Sachs projects an inflation rate of 30.6%, a figure that would be the lowest since 2017. In that regard, the U.S. bank EEUU states: “We forecast a further slowdown to 20% in 2026, the lowest level since 2013”.
According to the report, this evolution of prices would be associated with the consolidation of the strong fiscal balance implemented by Milei's government, the progress of economic reforms, and an improvement in business sector confidence.
In this context, the financial institution considers that the political scenario also plays a relevant role, by pointing out that the electoral performance of the ruling party in the midterm elections “reinforces governability” and could favor an increase in investment in the coming years.
Regarding economic activity, Goldman Sachs projects Gross Domestic Product (GDP) growth of 4.4% for 2025 and 2.7% for 2026. According to the report, this expansion would be driven mainly by investment and consumption, within a framework of growing real wages and more favorable financial conditions.
