Argentina: Staff Report for the 2005 Article IV Consultation
IMF Staff Country Reports, July 18, 2005
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- Argentina: Staff Report for the 2005 Article IV Consultation
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Bibliographic details
- Published: July 18, 2005
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781451801392.002
Overview — substantive findings
- Argentina’s economy has rebounded strongly from the financial crisis in late 2001.
- Reflecting buoyant domestic demand, real GDP grew close to 9 percent in both 2003 and 2004, bringing real output level back to the peak level achieved prior to the crisis.
- Growth has continued in the first quarter, and consumer and business confidence indicators remain at high levels.
- Inflation has accelerated amid rising demand, increased capacity constraints, growing wage pressures, and monetary accommodation.
Macroeconomic performance and indicators
- Real GDP growth: close to 9 percent in 2003.
- Real GDP growth: close to 9 percent in 2004.
- Real output level: returned to the peak level achieved prior to the crisis.
- Growth continuation: noted in the first quarter (year not specified in the summary).
- Confidence: consumer and business confidence indicators described as remaining at high levels.
Inflation and domestic pressures
- Inflation: described as having accelerated.
- Contributing factors to inflation:
- rising demand
- increased capacity constraints
- growing wage pressures
- monetary accommodation
Thematic coverage (subjects listed)
- Arrears
- Banking
- Economic sectors
- External debt
- Fiscal policy
- Fiscal stance
- Public debt
- Public sector
Argentina: Staff Report for the 2005 Article IV Consultation — IMF Staff Country Report No. 2005/236