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Overly Stimulated' Argentina Economy to Grow 8% This Year, Goldman Says
Bloomberg
July 12, 2010

Argentina's economy will expand 8 percent in 2010, up from a previous forecast of 5.3 percent because of "lax" fiscal and monetary policies, a record harvest and higher commodities prices, Goldman Sachs Group Inc. economist Alberto Ramos said in an e-mailed report.

Growth will slow to 5.8 percent next year and the economy will face a "risk of a hard landing" in 2012, Ramos said. Inflation will be 25 percent this year, he said.

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