According to the IMF, Argentina will grow by 4.2% and have a 9.9% inflation in 2012

 

April 17, 2012

 

International Monetary Fund released its estimates for Latin America in 2012, being positive for almost all its members. It predicted that Argentina will grow at a slower pace than usual and that its inflation will fall to 9.9%.

The IMF said that in 2012, Argentina’s GDP will grow by 4.2%, almost half the growth of 2011. This should be because of the “measures of economic slowdown” that the body perceives.

Also, the financial entity said “the weather phenomenon La Niña represents the main risk to the food supply.”

“Similarly, in Argentina the strong credit growth and high inflation are cause for concern, despite the country not affected the same way by the international credit flows. The recent fluctuations of the flow capital constitute a strong argument in favor of the governments of the region continue to strengthen their prudential frameworks to ensure they are able to cope with future booms and falls of these flows,” it said.