December 2012

2012 Petrochemical Review

South America: Argentina

For nine consecutive years (2003–2011), the Argentinean gross domestic product (GDP) continued to increase at an impressive annual rate of 7% to 8%. However, this trend was expected to change in ..

Quijada, R., IntelliChem, Inc.; Friedlander, A., Instituto Petroquimico Aregentino; Carvalho, O., MaxiQuim Assessoria De Mercado

For nine consecutive years (2003–2011), the Argentinean gross domestic product (GDP) continued to increase at an impressive annual rate of 7% to 8%. However, this trend was expected to change in 2012 with the domestic GDP only increasing at 3% to 4%. The world economic crisis will affect the Argentinean economy, but it will not be the sole reason for the sharp decrease. A severe drought is affecting the harvest of main export products (soybean and corn), and a reduction in the commodities international prices is expected to reduce the balance of payments. The government is limiting imports to improve the balance, but these measures are raising fears among local producers. The local i

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