Argentina Expands 9.1%

Argentina’s economy expanded by just over 9% last year, according to the country’s National Institute of Statistics (INDEC). A benign global environment of low inflation, buoyant trade and prudent fiscal management helped towards Argentina’s growth. Argentina boasts one of the world’s fastest growth rates, after Venezuela and China. Economy minister, Felisa Miceli, forecast in December that the economy would expand more than the 8.5% originally projected. Meanwhile, inflation last year reached 12.3%, fuelled by the hot economy.