IMF Staff Country Reports

Argentina: Economic Developments; February 27, 2014

February 29, 2016

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Argentina: Economic Developments; February 27, 2014, (USA: International Monetary Fund, 2016) accessed November 23, 2024

Also available in: español

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.

Subject: Central banks, Economic sectors, Exchange rates, Exports, External debt, Foreign exchange, International reserves, International trade, Public sector

Keywords: Asia and Pacific, Banco Central de la Republica Argentina, Car export, Central bank, Charter reform, CR, Europe, Exchange rate, Exchange rates, Export products, Exports, Federal government, Foreign exchange, Global, International reserves, ISCR, Nominal GDP, Private sector, Public sector, Real GDP, South America, Trade balance, Wage-price-depreciation spiral

Publication Details

  • Pages:

    37

  • Volume:

    ---

  • DOI:

    ---

  • Issue:

    ---

  • Series:

    Country Report No. 2016/068

  • Stock No:

    1ARGEA2016005

  • ISBN:

    9781498396370

  • ISSN:

    1934-7685

Notes