Economy of Argentina GDP levels in the world, at par with Canada and Australia and surpassing both France and Italy. Argentina today (2018) is plagued by currency crisis which involved a potential bailout from International Monetary Fund. The currency declined by 18% over a period of 12 days in May 2018 to more than 25 Argentine pesos per U.S. Dollar. Argentina is considered an emerging market by the FTSE Global Equity Index (2018), and is one of the G-20 major economies. Prior to the 1880s, Argentina was a relatively isolated backwater, dependent on the salted meat, wool, leather, and hide industries for both
Politics of Argentina elected in 2015 and he came in with an opposite conservative agenda. He cut back on subsidies, took a hard stance against corruption, and has currently asked for a 50bn dollar IMF bailout. Some of the most important political-pressure groups in Argentina include: the Argentine Association of Pharmaceutical Labs (CILFA); the Argentine Industrial Union (manufacturers' association); Argentine Rural Society and CARBAP (landowners' associations); the Armed Forces; the General Confederation of Labor or CGT (Peronist-leaning umbrella labor organization); the Roman Catholic Church; students. Politics of Argentina The politics of Argentina take place in the framework of what the Constitution defines as