Industry and Military Newsletters
Special Focus: Argentinean Economy
Argentina has a fundamentally market economy. The national economy is very different from that of only a few years ago when the country underwent the worst economic crisis of its history in 2001. The crisis created an extremely insecure socio-economic environment, which peaked during December 2001 and provoked serious civil unrest and a severe economic downturn which had as a result high budget deficits, significant levels of debt and increasing inflation. Following the economic recession the Argentinean government forced to end the one-to-one parity between the Argentinean peso and the dollar, something that had devastating results in the economy of the country. Since then Argentina implemented a succession of internationally administered restructuring programs and resolved its economic difficulties.++ more