Economy / Argentina
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Current Account Deficit Looms
July 2008 | Economic AnalysisSorry, you must be a subscriber to view this article in full. If you are a subscriber please login.
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While still in surplus, the Argentine trade account is exhibiting a worrying trend. June's US$308mn trade surplus was the lowest since 2001, and lends support to our view that the economy will post a current account deficit as early as 2010. Record outflows from the capital account also suggest that the peso will come under increased downside pressure going forward.