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Argentine economy picks up strongly, forecasted to expand 7% in 2010
Mercopress
August 05, 2010

Argentina's GDP will reach 7% this year based on a strong domestic demand, Economy Minister Amado Boudou said on Wednesday. The announcement follows earlier in the week reports that the Consumer Confidence index ICC has increased 2.9% in July over a year ago.


"Our goal is to reach a 7% increase in 2010," Boudou assured and said that the government will continue with its economic policy based in the maintenance "of the added demand and the strengthening of the domestic consumption."

The volume is above the 2.5% GDP expansion expected in the budget and 3.5% expected by the International Monetary Fund, but closer to the 6.8% forecasted by the Economic Commission for Latin America (CEPAL).

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