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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