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Argentina: Recent Economic Developments

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  • 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.

Suggested Citation

  • International Monetary Fund, 1995. "Argentina: Recent Economic Developments," IMF Staff Country Reports 1995/110, International Monetary Fund.
    • Handle: RePEc:imf:imfscr:1995/110
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    File URL: http://www.imf.org/external/pubs/cat/longres.aspx?sk=631
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    Cited by:

    1. Mr. Yuri V Sobolev, 2000. "Exchange-Rate-Based Stabilization: A Model of Financial Fragility," IMF Working Papers 2000/122, International Monetary Fund.

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