Argentina:Recent Economic Developments

Author: International Monetary Fund

Recent Economic Developments

Volume/Issue: Volume 1995 Issue 110

Publication date: December 1995

ISBN: 9781451801255

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Topics covered in this book

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Exports and Imports , Economics- Macroeconomics , Money and Monetary Policy , Public Finance , Taxation - General , International - Economics , IMF data , automobile production , capital goods , legal reserve , cost of capital , Boldings of SDR , Imports , Privatization , Tariffs , Loans , Europe

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Summary

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.