As with other economies around the world, most Latin American economies slowed in 2011, although general growth in the region remained healthy. This was no different in Argentina, the region's third largest economy and the first in purchasing power terms, according to the International Monetary Fund estimates for 2011. Argentina's strong growth over the past few years was not due to the development of industry, but rather to the export of commodities. It is important to emphasize that historically Argentina's paper and paperboard industry has kept pace with the overall economy. Going forward, moderating domestic demand, greater competition from Asian goods and a slowing Brazilian economy will continue to pressure manufacturing output. In fact, Argentina's manufacturers are operating near capacity and new investment is necessary for further growth.
RISI viewpoint RISI VIEWPOINT Positive
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