International Monetary Fund Managing director Rodrigo Rato admitted in Berlin that the high cost of oil could restrict global economic growth, but other compensatory factors will not force a reduction in expansion forecasts
The Argentine economy during the first quarter of this year grew 10% compared to the same period in 2003, and is forecasted to reach an annual expansion of 8%, well above the IMF estimate of 5,5% and the government's 6,9%.