ABSTRACT
Throughout the 1980s the Argentine economy experienced sharp decline. Gross domestic product (GDP), which had managed an annual growth of 3.8 per cent over the first half of the 1970s, fell during most of the 1980s. The fall in per capita income exceeded 34 per cent between the beginning and the end of the decade. Investment, which had amounted on average to 21.7 per cent of GDP over the 1970s, fell to around 8 per cent over the following ten years. The external current account was repeatedly in deficit. The inflation rate accelerated continuously, until it reached hyperinflation by 1989.
