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Risk of recession, default threaten progress of Argentina's plastics sector

from Plastics News

With per capita consumption steady and new machinery imports up last year from 2012, Argentina's plastics sector looked like it would turn a corner in 2014 after consecutive years of industrial decline. But with the economy expected to dip into a recession this year due to foreign currency shortages, inflation pegged at more than 30 percent since January, and risk of economic default for a second time since 2001, players big and small within the industry told Plastics News during Argenplás — held between June 16-19 in Buenos Aires — that they're entering uncharted waters. more


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