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Argentina: Recent Economic Developments
Author:
International Monetary Fund
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Series:
IMF Staff Country Reports
Volume/Issue:
Volume 1995: Issue 110
Language:
English
Publication Date:
01 Dec 1995
DOI:
https://doi.org/10.5089/9781451801255.002
ISBN:
9781451801255
ISSN:
1934-7685
Pages:
108
Keywords:
IMF data; automobile production; capital goods; legal reserve; cost of capital; Boldings of SDR; Imports; Privatization; Tariffs; Loans; Europe
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This paper describes economic developments in Argentina during the 1990s. Since the implementation of the Convertibility Plan in early 1991, real GDP grew by more than 7 percent a year (or by a cumulative 35 percent over the years 1991–94), after stagnating for more than a decade. At the same time, consumer price inflation, which had peaked at 3,000 percent in 1989, declined to 4 percent (average) in 1994. Gross fixed investment recovered to nearly 20 percent of GDP by 1994, reflecting a real growth rate of 22 percent a year during the period.
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Cover IMF Staff Country Reports
IMF Staff Country Reports
ISSN:
1934-7685
Publisher:
International Monetary Fund