Argentina'S Economic Growth In The First Half Of 9%

2010/8/21 16:22:00 29

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Argentina

The National Bureau of statistics issued 20 reports that the country's economic growth rate reached 9% in the first half of this year, showing a strong recovery momentum.

The report said that in the first half of this year, Argentina

industrial production

There has been a relatively high growth rate, and agricultural output has improved significantly compared with last year.

In addition, Argentina's foreign trade and investment have also maintained rapid growth in the first half of this year, and multiple favorable factors have contributed to the strong recovery of the country's economy.

Argentina Ferre J Institute of economic research pointed out that the first half of 2009 was the most depressed period after Argentina's financial crisis hit. Due to the low base, Argentina's gross national product in the first half of this year can achieve rapid growth compared with the same period last year.

The report of the National Bureau of Statistics said that in June this year, Argentina

Gross domestic product

Year-on-year growth of 11.1%, and continue to maintain two digit high growth momentum.

Data show that in July this year, Argentina's industrial output increased by 7.9% compared with the same period last year, of which the output of automobiles increased by 47.1% compared with the same period last year, leading to a substantial increase in the output of a series of industries such as tires and steel.

According to projections by the Central Bank of Argentina and the Ministry of economic affairs, the country's annual economic growth rate is expected to reach about 7% this year.

Argentina's economy continued to grow rapidly from 2003 to 2008, but after the impact of the international financial crisis, the economy slowed sharply.

According to official data released by Argentina, Argentina's economy grew by 0.9% in 2009, but most of the research institutions and scholars believe that the economy dropped by 2% to 3% last year.