Argentina: The Crisis That Isn't
Contributing Organization(s): Center for Economic and Policy Research
Author(s)/Creator(s): Mark Weisbrot
Publishing Date: 2008-10-15
Issue Areas: Economic Development
Ownership/Rights Info: Creative Commons Attribution 1.0 Generic
File info: 0 pages; 199.04 KB file size
This report looks at Argentina's current debt, fiscal, and overall economic situation to see if there is justification for concerns that Argentina is facing serious economic problems that could lead to a default on its sovereign debt. The Argentine economy has grown more than 60 percent since its recovery began six years ago, has trade and current account surpluses, and has declining levels of debt relative to GDP and other indicators. It also has a large amount of reserves relative to potential debt financing shortfalls. The paper finds that there is little or no basis for the fear that Argentina might default on its sovereign debt at any time in the foreseeable future, or indeed even the more distant future.
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Intended Audience: Advocates; College/University Professors; General Public; Legislators/Legislative Aids; Policy Professionals; Researchers
Type/Format: Evaluation
Language code: English
Type/Format: Evaluation
Language code: English
Votes: 2 | Average Rating: 3
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