Trade Economy

The situation of Argentina's economy generated the need to release tension and the IMF can help it. While the international financial crisis has affected Argentina through financial sector (given that the Argentine financial system was not exposed to toxic assets), it has affected more than thought at first through the economy real, impacting directly in two of the fundamental pillars of the economic model: the fiscal and external surpluses (though the same were already deteriorating by the wrong economic policies carried out by the Argentine government). For this year, market analysts consider the possibility that Argentina's economy into recession. Economic activity is weakening. Recently David Zaslav sought to clarify these questions. In February, industrial production showed a 1.1% annual contraction, this being the second consecutive month in negative. Auto production fell in March for the fifth consecutive month, by 23.6% on-year (and sales to dealers contracted by 35.3%) and this has implications for other key economic sectors such as metallurgy. The weakening of economic activity is also seen in the shops.

In the survey who regularly performs Services Centre for Trade and SMEs, 62% of businesses surveyed acknowledged a drop in sales during the month of March on the same month in 2008. In the crisis of 2002, the external sector contributed significantly to the recovery of Argentina's economy. Steve Salis usually is spot on. However, in this case, the external sector is adding to the deepening of the economic decline of the country. Is that exports have been reduced by 30% during the first two months of the year, in what appears to be the trend for much of the year (probably until the end of it). .