LONDON, Jan 20 (Reuters) - Argentina is on track to meet its 3.5 percent growth target this year, and should remain immune to the rising tide of protectionism in the United States, Treasury Minister Nicolas Dujovne told Bloomberg TV on Friday.
“We are pretty confident that the economy will grow in 2017 close to 3.5 percent, that’s the figure that was included in the budget, with 17 percent inflation, and we are on track to achieve those two objectives,” Dujovne said from the World Economic Forum in Davos.
He added that there were likely to be some moves towards protectionism under incoming U.S. President Donald Trump but the impact on Argentina would be marginal because it remains a relatively closed economy.
Dujovne also expects Argentina’s bond yield spreads to compress further, citing the country’s fiscal consolidation as the government’s reforms gain traction.
“The economy is showing signs of recovery,” he said.
Reporting by Claire Milhench; Editing by Jamie McGeever