Argentina

Economic activity slowed in 1998, although average growth for the year, at slightly over 4%, was still enough to generate an increase in employment. Output growth was concentrated in the first half of the year, after which there was a marked turnaround that lasted into the early months of 1999. The weakness of external demand throughout 1998 led to a fall in the value of exports (notwithstanding an increase in total volume), while imports increased, albeit more slowly than in 1997. Capital inflows exceeded previous highs, despite wide fluctuations in foreign credit supplies. Government revenues grew less than originally anticipated; nevertheless, public-sector borrowing requirement declined to around 1% of gross domestic product (GDP). Prices rose only slightly (0.7%), continuing the pattern of recent years.

Sustainable Development Goals:

Decent Work and Economic Growth

Industry, Innovation and Infrastructure

Peace, Justice and Strong Institutions