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Submitted by: Himfr Ivy
In Dakar rally car roar, Argentina people comes the “hot” 2011: the Argentine economy is expected to continue in the New Year high-growth momentum. According to the horn Argentina newspaper reported recently, Argentina entrepreneurs to 2011 economic developemnt of optimistic index up to 70% than 2010 30% more than doubled.
As a member of the emerging economies, Argentina by 2010, with a group of beautiful economic data ending. According to the UN economic commission for Latin America and the Caribbean, report released recently, 2010 South American economy at 6.6 per cent, including Argentina’s economic growth could be as high as in Latin American countries, 8.4 lists. Buenos Aires stock exchange director Edmund cover ratio thinks, Argentina’s economic growth in Asia are “”.
The Argentine economy last year with expectable speed recovery, in addition to benefit from their own economic structural adjustment and greatly stimulated the development of agriculture and the manufacturing industries such as outside, also and the world economic pattern changes in everyday life. Minimal home economic statistics institutions, a report by the from China and Brazil’s main trading partners, o strong demand is a driving force of the economic growth.
Agriculture, automobile manufacturing industry and metallurgy industry, economic three pillar. Argentina agriculture, soybean yield bumper harvest last year reached a record 5500 tons, the last year for increasing 70%, export more increased 134%. International commodity prices continue to go tall and from China and other countries of the large single purchase, for the local has brought tangible foreign exchange income. In addition, the domestic market demand, add Brazilian buy large o production cars, give Argentina car manufacturing industry and metallurgy industry created rare opportunities of development. It is predicted that in 2011, auto output will reach 8.4 million vehicles. By 2010 in November, o automobile manufacturing output year-on-year growth of 43 percent, metallurgy industry output value indicates year-on-year growth. The above three industrial economic contribution to o last year amounted to more than 50%.
As a global economic prospects in 2011, one of the best country in Argentina are also facing some undeniable problems, including inflation most suffer parties concerned. Argentina economists predict and research institutions, o last year inflation reach 25% to 30%, November inflation rate is as high as 40 percent. In the past few months evident in intensifying inflationary trends, o central bank put into circulation field the largest denomination 100 pesos ($$25) notes volume increased significantly. Some economists suggest the central bank issue 200 pesos or 500 pesos etc denomination greater notes, but due to fear that this will cause more serious inflation expectations, Argentina’s central bank has refused. Cover ratio, says Argentine economic growth quickly, but investment growth is slower, relative to recent average 7 to 9 economic growth during the same period, less than 1% of investment growth appears very uneven, this is likely to bring a new round of inflation. Inflationary pressure rise sharply, unavoidably for Argentina’s sustained economic growth constrains.
In fact, severe inflation has affected the Argentine economy every aspect of life, the rise in the price of oil that is an epitome of serious inflation. By 2010, the Argentine government issued on August in oil prices ban. But because the price of crude oil really going up too much, the government recently forced the cancellation of the ban. Several oil company immediately different degree raised prices of refined petroleum products, make consumers feel of pressure.
In Dakar rally car roar, Argentina people comes the “hot” 2011: the Argentine economy is expected to continue in the New Year high-growth momentum. According to the horn Argentina newspaper reported recently, Argentina entrepreneurs to 2011 economic developemnt of optimistic index up to 70% than 2010 30% more than doubled.
As a member of the emerging economies, Argentina by 2010, with a group of beautiful economic data ending. According to the UN economic commission for Latin America and the Caribbean, report released recently, 2010 South American economy at 6.6 per cent, including Argentina’s economic growth could be as high as in Latin American countries, 8.4 lists. Buenos Aires stock exchange director Edmund cover ratio thinks, Argentina’s economic growth in Asia are “”.
The Argentine economy last year with expectable speed recovery, in addition to benefit from their own economic structural adjustment and greatly stimulated the development of agriculture and the manufacturing industries such as outside, also and the world economic pattern changes in everyday life. Minimal home economic statistics institutions, a report by the from China and Brazil’s main trading partners, o strong demand is a driving force of the economic growth.
Agriculture, automobile manufacturing industry and metallurgy industry, economic three pillar. Argentina agriculture, soybean yield bumper harvest last year reached a record 5500 tons, the last year for increasing 70%, export more increased 134%. International commodity prices continue to go tall and from China and other countries of the large single purchase, for the local has brought tangible foreign exchange income. In addition, the domestic market demand, add Brazilian buy large o production cars, give Argentina car manufacturing industry and metallurgy industry created rare opportunities of development. It is predicted that in 2011, auto output will reach 8.4 million vehicles. By 2010 in November, o automobile manufacturing output year-on-year growth of 43 percent, metallurgy industry output value indicates year-on-year growth. The above three industrial economic contribution to o last year amounted to more than 50%.
About the Author: I am Himfr Ivy and my work is to promote a free online trade platform. http://www.hardware-wholesale.com/ contain a great deal of information about
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