If Argentina experiences a significant increase in imports, what is the most likely immediate effect on its current account balance?

If Argentina experiences a significant increase in imports, the most likely immediate effect on its current account balance would be a deterioration or a larger deficit. The current account balance measures the difference between a country's exports and imports of goods and services. When imports rise significantly, it means that Argentina is buying more from other countries than it is selling to them, leading to more money flowing out of the country. For example, if Argentina starts importing a lot of machinery from abroad, it will spend a considerable amount of money, which can worsen its current account balance. This imbalance indicates that Argentina is consuming more than it produces, which can have implications for its economy.