Argentina: Iglesias Predicts Growth

Argentina will continue to attract investors as its economy expands, according to Enrique Iglesias, president of the Inter-American Development Bank. Argentina’s GDP grew 9.1 percent in the fourth quarter of 2004. Exports have jumped 34 percent over the past two years and consumers are becoming more confident about spending as unemployment falls. The country’s jobless rate dropped to 12.1 percent at the end of 2004, the lowest level in a decade.