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Summary |
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The outlook is deteriorating rapidly, as falling commodity
prices and declining confidence in the country’s financial
sustainability, which is weakening the peso and denting capital inflows,
are likely to seriously undermine economic growth. Adding to general
risk aversion in the wake of the global financial crisis, the
nationalisation of private pension funds that has recently been approved
by the Senate, has alarmed markets and sent the stock market plummeting.
For the latest overview of the Argentine economy please visit the FocusEconomics. |
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