Argentina
- Author: Economic Commission for Latin America and the Caribbean
- Main Title: Economic Survey of Latin America and the Caribbean 1997-1998 , pp 127-137
- Publication Date: December 1998
- DOI: https://doi.org/10.18356/765308a8-en
- Language: English
Economic activity expanded significantly in 1997 and unemployment fell, although it continued at high levels. Increased domestic demand had no effect on prices, which remained practically stable. The current account deficit hovered around 3% of GDP, but was financed without problems because of large capital inflows. This economic momentum continued well into 1998, until the current account gap widened as the merchandise trade imbalance was aggravated by a fall in cereal and petroleum prices, weaker demand in Brazil and a continuing high level of imports.
© United Nations
ISBN (PDF):
9789210582971
Book DOI:
https://doi.org/10.18356/5777322d-en
Related Subject(s):
Economic and Social Development
Sustainable Development Goals:
Countries:
Argentina
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