Blue curve is Argentinean GDP growth. Red. and green are respectively Brazilian exports to and imports from Argentina. For some reason I don't know exports are more affected than inports when Argentina collapses (we are talking about vehicles and parts, both ways). Forthcoming collapse should imply about $5 bi less for Brazilian trade balance, or .25 pp of GDP. This does not take into account the financial impact - I believe gringos will differentiate the risks of Brazil from those from Argentina, as they did in 2001, after all Cristina is better than Dilma
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