Depressed economy? Argentina's economy is growing since 2002 http://en.wikipedia.org/wiki/File:Latin_America_GDP_per_capi...
If you are Argentinian you know why the economy was growing since 2002: A local minima on previous years, devaluation, Soy and other commodities rising more than 2x and the farm sector investment on improving the efficiency with technology.
Obviously nobody (that I know) see the future.