Argentina's consumer confidence indicator rose to 45.02 in November 2024, marking the highest level in a year. This increase indicates cautious optimism among consumers, driven by improvements in personal finances and a better macroeconomic outlook.
While consumer confidence shows improvement, it still reflects a 5.24% decline from the same month last year, indicating ongoing economic struggles amid President Milei's reforms.
Fitch's upgrade to 'CCC' and rising consumer sentiment could bolster the outlook for Argentine financial markets, although structural weaknesses hinder overall investor confidence and optimism.
Political instability poses a significant concern for mid-term investors in Argentina, overshadowing positive trends in consumer confidence and potential market gains.
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