Argentina: Recent Economic Developments

International Monetary Fund

No 1995/110, IMF Staff Country Reports from International Monetary Fund

Abstract: 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.

Keywords: IMF data; automobile production; capital goods; legal reserve; cost of capital; Boldings of SDR; Imports; Privatization; Tariffs; Loans; Europe (search for similar items in EconPapers)
Pages: 108
Date: 1995-12-01
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