MORE THAN ALMOST any other nation, Argentina understands what it is like to undergo a financial and economic crisis. The country has experienced several over the past 30 years, culminating in its ruinous debt default in 2001-02.
In the six years since, Argentina has bounced back, with its economy growing at an impressive 9% a year between 2003 and 2007. That growth was initially spurred by a surge in trade surpluses and then sustained by big investment in both the public and private sectors.
Over the past year, however, concerns have again risen about the strength and direction of the economy. Several issues have come to the fore. The most worrying is inflation. Although the official statistical agency, Indec, says that the country’s annual inflation rate is 9%, most observers believe it to be about three times that level.
The discrepancy between the official rate and what most...
You must be a subscriber to access this archived content.
If your subscription includes access to the archive, please log in now to view.
To gain access to this content visit the subscription page or call our hotline on +44 (0)207 779 8999.
Subscribe online now and save up to 30% on your subscription.
If you are a trialist or subscriber, please enter your username and password at the top right-hand side of euromoney.com
Subscribers to Euromoney benefit from:
- 12 months access in print and online - on euromoney.com, read the latest issue early online, search for specific developments by region or sector, interrogate the results of Euromoney's benchmark polls, and view the archive dating back to 1996
- More than 30 specialist research guides free
- The results of Euromoney’s polls and surveys
- Tailored RSS news feeds direct to your desktop
- News delivered directly to your mobile device or PC
- Personalised email newsfeed of 'Top stories' and 'Breaking news'
Click here to subscribe