Argentina ended 2005 with an exceptionally positive economic situation, which offers enormous manoeuvring space for the current year as well as for an analysis of the medium-term prospects for the country.
Argentina has enjoyed growth of 9% for three consecutive years, twin surpluses of more than 4.4% in fiscal accounts and of 3% in the current account of the balance of payments. A record investment rate of about 24% of GDP in the last quarter and of more than 21% for the whole year has been achieved. Conversely, during the 1990s, the investment rate never reached 20% of GDP.
