Argentinas Economics

Examines the economic recovery of the early 1990s under President Menems reforms, background, monetary policy, foreign investment, taxes and future. Introduction Argentina, along with much of Latin America, suffered an economic downturn during the 1980s. However, with the Menem administration (elected in the late 1980s), the country undertook a series of economic reforms designed to bring the country out of its economic doldrums and into a new era of prosperity. Many of those reforms had the desired effect so that by 1994, the country had seen its economic situation improve dramatically; this was reflected in the nations financial markets. The nation suffered an economic recession in 1995, but further steps taken by the government have strengthened the economy to the point that by 1996, performance had returned to 1994 levels. Argentina endured a recession during 1994 and 1995, but its long-term economic performance is expected to be strong. This research considers the economic recovery that