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Argentina, challenging IMF, projects low inflation
By : The Associated Press
BUENOS AIRES, Argentina — Argentine Economy Minister Hernan Lorenzino says the country's inflation will remain at just 11 percent next year, about a third of what private analysts say the real annual inflation rate is in the South American country.
Lorenzino also says the peso will decline just 9 percent in value against the dollar as the economy rebounds to a healthy 4.4 percent in growth.
These and other assumptions of the 2013 budget Lorenzino is presenting to Congress represent a defiant response to the International Monetary Fund, which this week gave Argentina three months to correct its economic statistics or potentially face more sanctions.
Argentina is the only leading economy in the world whose numbers have been rejected by the IMF as unreliable.
