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Economic Survey of Latin America and the Caribbean 1995-1996

image of Economic Survey of Latin America and the Caribbean 1995-1996

This publication gives insight into the economic trends, the international economy and the role of exchange rate policy in the region. It also explores the economic developments by country. Included also is a statistical annex on diskette.

English

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Argentina

Argentina’s economy contracted by more than 4% in 1995, bringing to an end the expansionary phase of the preceding four-year period, during which gross domestic product (GDP) had increased by nearly 35%. The downturn in the economy was associated with an abrupt change in the trends in capital flows and foreign trade. The influx of financial resources slackened considerably, while a trade surplus was recorded for the first time since 1991. A surge in exports mitigated the impact on the level of economic activity of the slowdown in domestic demand. The decline in output exacerbated unemployment. Inflation continued to fall: for the year as a whole, the consumer price index (CPI) rose less than 2%.

English

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