Goldman Sachs Raises Argentina 2011 Growth Forecast to 6.8%

Goldman Sachs raised its forecast for Argentina’s economic growth in 2011 after the economy expanded last year at the fastest pace since 2005.

Goldman Sachs economist Alberto Ramos raised his gross domestic product expansion estimate to 6.8 percent from a previous 5.6 percent, according to an e-mail statement. Still, he expects a “significant slowdown” in the second half of 2011, and maintained his 2012 growth forecast of 3.2 percent.