Cristina Kirchner of the centre-left Frente para la Victoria (FV), the wife of the current president, Nestor Kirchner (FV), and herself a popular senator, is well placed to win election at the presidential poll on October 28th 2007. She is likely to continue to espouse an interventionist role for the state in the economy, in contrast with the free-market policies of the 1990s. Her honeymoon period may well prove short-lived, as she faces challenges, including energy shortages and inflationary pressures. As the economy slows into 2008, the government will come under greater pressure to resolve day-to-day issues. The government will run a primary fiscal surplus (before interest) of 3% of GDP in 2008-09. As imports continue to outpace export growth, the current-account surplus will narrow as a percentage of GDP. The next government is likely to continue to pursue a weak currency policy, unless an inflation concerns lead policymakers to allow the currency to strengthen. |
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| Key Reports Available for Argentina |
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| Land area | | 2,737,000 sq km | | Population | | 39.8m (2008 mid-year estimate based on 2001 census) | | Main towns | | Population (m; 2001) | | Federal district & Buenos Aires province: 16.6 | | Cordoba: 3.1 | | Santa Fe: 3.0 | | Mendoza: 1.6 | | Tucuman: 1.3 | | Climate | | Varies from subtropical in the north to sub-arctic in the south | | Weather in Buenos Aires (altitude 27 metres) | | Hottest month, January, 17-29°C (average daily minimum and maximum); coldest month, June, 5-14°C; driest month, July, 56 mm average rainfall; wettest month, March, 109 mm average rainfall | | Language | | Spanish | | Measures | | Metric system. Among other measures in use are: fanega=3.77 bushels; quintal=100 kg | | Currency | | The currency board, which had fixed the peso at the rate Ps1:US$1 since April 1991, was abandoned in January 2002. Average exchange rate in 2007: Ps3.1:US$1. Exchange rate on August 22th 2008: Ps3.02:US$1 | | Fiscal year | | January-December | | Time | | 3 hours behind GMT | | Public holidays | | January 1st; Good Friday; May 1st and 25th; June 10th and 20th; July 9th (Independence Day); August 17th; October 12th; December 8th and 25th | | SOURCE: Country Profile |
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