Search results
Results from the WOW.Com Content Network
The 2018–present Argentine monetary crisis is an ongoing severe devaluation of the Argentine peso, caused by high inflation and steep fall in the perceived value of the currency at the local level as it continually lost purchasing power, along with other domestic and international factors.
Evolution of GDP growth. The economic history of Argentina is one of the most studied, owing to the "Argentine paradox". As a country, it had achieved advanced development in the early 20th century but experienced a reversal relative to other developed economies, which inspired an enormous wealth of literature and diverse analysis on the causes of this relative decline. [2]
GDP per capita in Argentina from 1998 to 2005. The 1998–2002 Argentine great depression was an economic depression in Argentina, which began in the third quarter of 1998 and lasted until the second quarter of 2002.
Minister Alfonso Prat-Gay takes part in meetings with the IMF and the World Bank, shortly after the end of the default.. The Argentine debt restructuring is a process of debt restructuring by Argentina that began on January 14, 2005, and allowed it to resume payment on 76% of the US$82 billion in sovereign bonds that defaulted in 2001 at the depth of the worst economic crisis in the nation's ...
The crisis reached a breaking point on 29 November 2001, as major investors began to withdraw their deposits from the banks, summarily causing the collapse of the Argentine banking system due to capital flight. This was compounded by the IMF's decision to refuse to refinance Argentina's debt.
Inflation in Argentina has hit 161%. Its debts, including $45 billion that it owes the International Monetary Fund, are suffocating. Why Argentina's shock measures may be the best hope for its ...
The 10-storey hotel, in Villa Gesell, collapsed early on Tuesday, with one body found in the debris.
Along with a trade imbalance and balance of payment problem, the need for credit to finance its budget deficits made Argentina's economy vulnerable to economic crisis and instability. In 1999, the economy of Argentina shrank by 3.4%. GDP continued to decline: 0.8% in 2000, 4.4% in 2001, and 10.9% in 2002.