RaboResearch - Economic Research

Country Report

Country Report Argentina

As her party is unlikely to obtain a two-thirds majority at the congressional elections of late October, Cristina Kirchner is becoming a lame-duck president. Meanwhile, foreign exchange reserves levels continue to decline.

Economic Report

The Argentine Crisis 2001/2002

In the late 1990s, Argentina’s currency peg to the US dollar, pro-cyclical fiscal policies and extensive foreign borrowing left the country unable to deal with economic shocks. This led to a severe currency, sovereign debt and banking crisis.

Country Report

Country Report Argentina

Argentina’s economy is likely to recover modestly in 2013, but the peso has fallen rapidly on the informal market, as a devaluation is widely expected. Meanwhile, there is the risk that Argentina will enter a technical default.