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In Parched Argentina, Worries Over Economy Grow

Published: February 20, 2009

BUENOS AIRES — Cows are dying by the thousands in the baking sun, and crops are being lost before their seeds even break the soil.

Argentina’s worst drought in more than 50 years is magnifying the country’s chances of suffering another economic crisis, and the lost farming revenue will complicate the government’s efforts to meet more than $18 billion in debt obligations this year, economists said.  With congressional elections now only eight months away, the drought is also putting political heat on the country’s first couple, President Cristina Fernández de Kirchner and Néstor Kirchner, the former president. It comes as Argentina is struggling to contain double-digit inflation and growing unemployment.  Link to article

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