GDP per capita growth rates were positive. An increase in domestic consumption demand led to a rapid expansion of imports as well as a revival of domestic production of consumer goods (Mye 22).
Inflation dropped from 1340 percent in 1990 to 84 percent in 1992, a substantial decline which provided strong incentive to the construction industry (construction drives many economies because of the ancillary businesses which benefit from construction activities). In addition to the drop in inflation, lower domestic interest rates helped provide buyers for the new construction. The stock market saw increased activity, and much of the capital which had left the country (so-called "flight" capital) returned to Argentina during the early years of the decade. Private Argentinean companies and the government were both able to place financial instruments in the global markets in the amount of approximately $2 billion in 1991; it would have been difficult, if not impossible, to find buyers for these instruments only a few years befor
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