WSJ: アルゼンチン経済成長率＝8.7% (2003)
Does Argentine Recovery Have Legs?
By MICHAEL CASEY
DOW JONES NEWSWIRES
April 9, 2004; Page A7
BUENOS AIRES -- For foreign investors, there are two Argentinas.
One is an international pariah. It trashes property rights, blames foreign businesses for its own planning mistakes, makes extortionist threats to the International Monetary Fund and tries to force its creditors to accept pennies in the settlement of its defaulted dollar debts.
The other Argentina has managed a spectacular economic recovery. In defiance of nearly every economist's predictions in the wake of the 2002 financial crisis that induced a 10.9% economic contraction, Argentina grew 8.7% in 2003. It now is projected to expand by a further 7.1% this year. Meanwhile, annual inflation was at just 3.7% at year end and is down to 2.3% currently, while the country's cumulative first-quarter fiscal surplus is poised to double the IMF target. ...