Growth To Decelerate In 2012

BMI View: Despite the Argentine economy's strong resilience to global headwinds in 2011, we reiterate our view that growth is set for a slowdown in 2012, due to a drag from net exports and a moderation of private consumption and fixed investment. While we see upside risk to our 2011 real GDP growth forecast of 7.0%, we see few risks to our 4.1% forecast for 2012 for now.

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