Argentina’s economy, the second-largest in South America behind Brazil, expanded 9.1% in 2010 and President Cristina Fernandez plans on implementing policies that will help maintain a 5% annual GDP growth over the next decade.

However, the country is facing double-digit inflation, political bumps ahead of elections season and a more moderate growth outlook – the Central Bank projects GDP growth of 3.5% to 6.5% this year.

President Fernandez also stated that unemployment dropped to 7.3% in the last quarter of 210, down from 7.5% in the third quarter, according to Bloomberg. In 2003, unemployment was more than 20%.

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Max Chen contributed to this article.