SANTA CRUZ, Bolivia Argentina's socialist government is scrambling to stem its hemorrhaging currency rates, economic recession, and hyperinflation, while negotiations continue with China .
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Argentina tries to export its way out of economic crisis
Forecasts look optimistic even as agricultural powerhouse benefits from commodities boom
World Economy News
22 Jun 2021 • 4 min read
The Argentine government is claiming that it can double exports in the next five years, despite a struggling economy and the suspension last month of one of its key exports beef.
Argentina is one of the countries worst hit by coronavirus, which has deepened an economic crisis that struck three years ago. Inflation is running at 49 per cent and negotiations with the IMF over the repayment of a $44bn loan have stalled, unnerving investors.