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January Economic Activity Data, Fernandez Meets Biden

ARGENTINA
  • President Fernandez is scheduled to meet US President Biden at the White House at 1440ET for their first bilateral meeting. They are expected to discuss critical minerals, climate change, space and technology.
  • Economy Minister Sergio Massa is also in Washington DC where he will meet IMF Deputy Director Gita Gopinath. For reference, the IMF board is expected to approve a $5.3 billion disbursement during the week.
  • Economic activity data headlines the docket at 2000BST/1500ET:
    • Jan. Economic Activity Index Y/y, est. 0.1%, prior -1.2%; M/m est. -0.1%, prior -1.0%
  • Additionally in local news, the government suspended profit and VAT tax exclusion certificates for importing companies until December 31; the measure will bring in an estimated tax revenue of ARS979b, according to tax agency AFIP statement.
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