Banking on policy shifts

Argentina economic forecasts (INDEC versus other sources)

Argentina economic forecasts (INDEC versus other sources)
2006200720082009F2010F
GDP (US$m)212,895260,789326,583313,636343,870
GDP Growth - INDEC8.508.706.800.603.50
GDP Growth - Alternative8.808.803.50–3.502.00
Inflation - INDEC (% YoY)9.808.507.206.507.50
Inflation - Alternative (% YoY)10.7025.702316.7021.60
Fiscal Deficit National Govt (% GDP)1.801.101.40–1.20–0.90
Debt National Govt (% GDP)6456.1048.8047.5043.30
Current Account Balance (% GDP)3.602.802.202.502.00
Net International Reserves (US$m)32,03746,16646,38645,75145,830
Source: Royal Bank of Scotland (RBS), Argentina's Central Bank (BCRA), Economy Ministry (Mecon)