BofA strategists recommended that Argentina’s central bank should expedite the peso’s devaluation on the official market. They anticipate the peso will reach 1,573 per USD by June and 2,330 by December 2024. BofA also forecasts Argentina to attain a current account surplus of 1% of GDP in 2024, a significant improvement from the 4.4% deficit in 2023. Meanwhile, analysts commended President Milei’s initial reforms aimed at fiscal tightening.