Argentina: Economic Recovery and Tax Improvement after a Decade of Double Crisis.

Publication Year : 2011

During the last decade, Argentina was exposed to two main crises. The first one, was in the beginning of the initial decade of this century, the second one, during the years 2008 and 2009, as a consequence of the financial turbulence, still in course in the World. As it is well known, the first crisis concluded in a dramatic situation in terms of economic activity and in both, internal and external indebtedness. The default was a consequence of the crisis, in one hand, and the devaluation of the currency, in the other. Since the year 2002, however, the signs of the recovery of the economy crisis began, and continue throughout the decade, ending in 2010 and in the course of the first months of 2011. Weighing the pros, the main indicators of level of activity showed positive results.