In 2011 Argentina held a general election while maintaining the political stability. The incumbent president Cristina Fernandez won re-election easily and the opposition forces were severely weakened. With a strong economic growth in full year, Argentina was reported to gain a GDP growth rate ahead of other Latin American countries. Inflationary pressure continued unabated. The capital market tended to fluctuate due to impacts of external environment, leading to an accelerated capital flight. The wage level increased substantially. In external relations there was no significant changes. Trade protectionism was still a major obstacle to improving relations with China, Brazil and the European Union. <<