Argentina
- Author: Economic Commission for Latin America and the Caribbean
- Main Title: Economic Survey of Latin America and the Caribbean 2001-2002 , pp 97-105
- Publication Date: October 2002
- DOI: https://doi.org/10.18356/774bfba3-en
- Language: English
The drawn-out economic crisis in Argentina reached unprecedented proportions in 2001. GDP contracted more sharply, shrinking by almost 11% in the fourth quarter and receding by 4.5% over the year as a whole. In 2002 the recession deepened, prompting forecasts that the level of activity would fall off by more than 10%. At the end of 2001, prices suddenly swung upward; the CPI had exhibited deflation that year (-1.5%), but after the currency devaluation there was a palpable increase in prices, which followed a decade of stability. Meanwhile, unemployment continued to rise, reaching extremely high levels, while merchandise trade accumulated a large surplus owing to the slump in imports.
© United Nations
ISBN (PDF):
9789211558388
Book DOI:
https://doi.org/10.18356/95124249-en
Related Subject(s):
Economic and Social Development
Sustainable Development Goals:
Countries:
Argentina
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