Wednesday, May 9th 2012 - 08:01 UTC

Spanish bank forecasts average growth of 4% for Argentina and the region in 2012

The Argentine economy is set to grow 4% this year in line with the rest of the countries of the region according to a report, “Global Situation” from the Spanish-Argentine bank BBVA-Francés.

Brazil however is expected to apply a policy to weaken its currency and improve competitiveness

The report forecasts a soft landing for the Argentine economy as for the rest of the region while the average inflation for the main economies, Argentina, Brazil, Chile, Colombia, Peru and Venezuela is expected to be in the range of 9.3% in 2012.

“The inertial characteristics of the region won’t allow significant improvements in an environment of high prices for commodities, which limits the reach of expansive economic policies in those countries with inflation targets”, adds the report.

The “Global Situation” estimates the world economy will advance 3.6% this year and 4% the following, boosted by emerging economies, particularly from Asia and Latin America.

“With the exception of Brazil monetary policies will overall have a cautious restrictive approach and it is expected that currencies on the whole region will continue to be appreciated. Brazil on the other hand will implement a more accommodative monetary policy”, concludes the report’s chapter on the evolution of the economy in the region for this year.

5 comments Feed

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1 The Cestrian (#) May 09th, 2012 - 09:13 am Report abuse
Argentina “has once more slid back into an imbecilic morass of demagoguery, authoritarianism, mindless statism and self-destructiveness.”
2 British_Kirchnerist (#) May 09th, 2012 - 02:08 pm Report abuse
#1 Hoping you'll get this one published like they did with the Brazil minister who (you? a co-thinker?) kept spamming the boards with?
3 RobWilliams (#) May 09th, 2012 - 02:38 pm Report abuse

So unless it's a completely original article NEVER reported before on the globe MP can't publish it?

Get real, if it's a legitimate article then why not publish it? Ohhh i get it, it doesn't make CFK look like a brilliant leader does it, i see.
4 BenC30 (#) May 10th, 2012 - 07:46 pm Report abuse
This has been announced by a Spanish bank? They may as well be guessing next week's lottery numbers. They haven't got a clue!
5 Malvinero1 (#) May 10th, 2012 - 11:37 pm Report abuse
Argentina “has once more slid back into an imbecilic morass of demagoguery, authoritarianism, mindless statism and self-destructiveness.”
Still Argentina look a LOT better than bankrupt uk!!
Ahhhhhh poor deluded ex empire
And the article says,only a forecast that Argentina will grow by 4%
AHAHAHHA uk growth??
Bank of England slashes UK economic growth forecast
Growth is grinding to a halt and GDP will only rise 1% in 2012, according to the Bank's latest forecast
AHAHAHA poor deluded ex empire....thinking of wars and carriers...Puaj!

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