Goldman Sachs cuts Argentina's 2026 growth forecast to 2.7%

Goldman Sachs has lowered its 2026 growth forecast for Argentina's economy, cutting its projection from 3% to 2.7%. The revision reflects growing caution about the pace of the country's economic recovery and follows the bank's reassessment of recent economic data.

The bank said it now anticipates a possible contraction in economic activity during the second quarter, a signal that momentum may be cooling faster than previously expected. Investors are increasingly tying such forecasts to concerns about Argentina's political stability as well as its underlying fundamentals, including pressure on the peso and the path of inflation.

Goldman Sachs added that economic performance will increasingly be judged against the backdrop of the October 2027 presidential elections, with growth data likely to become a key input for how markets assess government policy. Analysts are expected to watch Argentina's economy closely in the run-up to the vote, and further forecast revisions are possible as new data arrives.