Economy / Argentina
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Widening Trade Surplus To Be Short Lived
October 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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The strong performance of the Argentine export sector and sharp reduction in imports in August puts our US$10.4bn (3.3% of GDP) 2008 trade surplus forecast at risk of being overshot. However, as commodity prices fall further, we expect import growth to slow more rapidly than that of imports over the coming months, which will see the trade surplus fall to US$9.0bn (2.4% of GDP) in 2009.