Here is the list we promised of the high/low growth economies ranked by 2011 GDP estimates. As we posted last night, the table illustrates that, of the large non-oil exporting economies, Argentina is the second fastest growing economy in the world. Not that it is a balanced non-inflationary sustainable trajectory, but the country’s default and currency devaluation, coupled with the huge positive terms of trade shock has contributed to the strong growth. Argentina is still battling with its creditors almost a decade after defaulting.
(click here if chart is not observable)