Capital markets pick up as Argentina booms

Argentina’s capital markets have become much more active this year, as the country’s economy booms and foreign investors turn to it in the belief that it offers investment opportunities. Jason Mitchell reports from Buenos Aires.

LAST YEAR, ARGENTINA’S economy grew by 9.2% compared with 0.9% in 2009 and 6.8% in 2008, according to official figures produced by Indec, the national statistics agency. Econviews, a local economic consultancy, says that official numbers overstate the growth rate but that nonetheless the economy expanded vigorously at 8.1% last year after a contraction of 3.2% in 2009. It forecasts economic growth at 6.5% this year and 4% next year.

For the year to August 22, Argentina had a total of $3.9

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