Merrill Lynch Improves Argentina Growth Forecasts

Merrill Lynch Improves Argentina Growth Forecasts

Argentina

Merrill Lynch has upgraded its 2006 and 2007 growth expectations for Argentina based on the data published this quarter that suggests no landing in the third quarter. The Bank raised forecasts for 2006 from 8.1% to 8.4% and for 2007 from 6.0% to 7.0%. It said it expected economic activity this year to grow "2.5% on a quarter-on-quarter, non-annualized, seasonally adjusted basis - similar to Q2 and faster than the Q1's 1.1%". For next year, it foresees "Chinese-like rates of GDP growth, stable i

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