Argentina Economic Developments; February 27, 2014

This report presents IMF staff analysis based on publicly available information through end- January 2014. Following its 2002 financial crisis, Argentina experienced a strong economic recovery, helped by an expansionary policy stance, an undervalued exchange rate, high and rising international price...

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Corporate Author: International Monetary Fund Western Hemisphere Dept
Format: eBook
Language:English
Published: Washington, D.C. International Monetary Fund 2016, 2016
Series:IMF Staff Country Reports
Subjects:
Online Access:
Collection: International Monetary Fund - Collection details see MPG.ReNa
Summary:This report presents IMF staff analysis based on publicly available information through end- January 2014. Following its 2002 financial crisis, Argentina experienced a strong economic recovery, helped by an expansionary policy stance, an undervalued exchange rate, high and rising international prices for its key exports (soy, corn), and lower debt service payments. However, in 2013, balance-of-payments pressures intensified amid continuing high inflation. Economic growth recovered in 2013, though weakened sharply in the second half of the year. Inflation remained high. Financial deepening increased somewhat and financial stability was preserved despite the high inflation and growing external imbalances. Fiscal policy in 2013 was more expansionary than in the previous year
Physical Description:37 p.
ISBN:1498396372
9781498396370