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Argentina experienced robust growth and fiscal restraint

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Last year Argentina experienced robust growth and fiscal restraint, but some analysts continue to worry about its current account deficit, which today is 4 percent of GDP. But this worry is wrongheaded because this deficit is the result of confidence of foreign investors in Argentina’s new economic system a) Explain how this deficit could be a result of the confidence of foreign investors in Argentina.

Reference no: EM131167461

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