Argentina forecasted to expand 6.8% in electoral year with 25% inflation

Wednesday, March 23rd 2011 - 19:47 UTC

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Goldman Sachs raised its forecast for Argentina’s economic growth in 2011 after the economy expanded last year at the fastest pace since 2005. Alberto Ramos Goldman Sachs economist raised the GDP expansion estimate to 6.8% from a previous 5.6%, according to an e-mail statement. Read full article

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ptolemy
It's a false economy. With inflation so high and the fear of an impending crash, locals are buying up everything to protect themselves and what their pesos will be worth tomorrow. This situation gives a false impression of growth.
Mar 24th, 2011 - 02:12 pm - Link - Report abuse 0
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