Argentina has, on average, experienced strong economic growth over the past decade (2005-2015) – approximately 4% p.a. The global financial crisis did cause the country’s economic output to decline in 2009, but a recovery was conjured the following year. However, in 2014, economic woes did make a reappearance, and many financial pressures have been placed on the country’s services and manufacturing industries.
A number of new capacities additions, plus an increase in merchant demand, should drive growth over the next five years. It is unlikely that these rates will mirror the 7% p.a. seen over the past decade, yet gasworld Business Intelligence forecast strong growth of between 3.6% and 4.4% p.a. up to 2020.
Report Data: 2015