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| Topic: |
Business
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| Number of pages / Number of words: |
13 / 3432 |
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While industry only accounted for 16% of GDP in 2001, it surged to more than 23% in 2005. Furthermore, 4.1m foreign tourists visited Argentina in 2006, an all-time record high. Unemployment also fell by more than half from 2002 to 2006, signaling impressive corporate earnings and their confidence to reinvest...
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Unemployment also fell by more than half from 2002 to 2006, signaling impressive corporate earnings and their confidence to reinvest. Most impressive has been Argentina's ability to further pay down their $9.5B debt to the IMF. As a result of growth driven exports and favorable exchange rates, Argentina was able to stock pile reserves of foreign currencies making it possible to relieve this debt...
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