Latin America Charts Path to Growth

摘要

Until recently, Argentina has been relatively resilient to global economic woes, and the impact of slower growth in Brazil. Ernst & Young's Rapid Growth Markets Forecast predicts 3.8 percent GDP growth in 2012. Recent unexpected, government-imposed trade restrictions could, however, depress this modest growth. In October 2011, the Argentinian government introduced new restrictions on buying foreign currency -those buying currency now need prior approval from the tax agency.