Market Report, "Argentina Business Forecast Report Q4 2013", Published
Data indicate that Argentina saw economic activity pick up more than expected in the second quarter of the year, raising the likelihood that we will revise up our 2013 real GDP growth forecast of 1.8% once we see data from Q213. That said, we believe over the longer term there are significant downside risks to Argentina's growth picture, as long-building imbalances both in the domestic economy and in the external accounts persist.
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