Nov. 1 (Bloomberg) -- Argentina’s economy will expand about 9 percent this year from a previous forecast of more than 7.5 percent, led by private consumption, according to the central bank.

The bank foresees slower growth in 2012 because of a “weak increase” in international economic activity, the bank said in a quarterly report.

--Editors: Richard Jarvie, Joshua Goodman

To contact the reporter on this story: Eliana Raszewski in Buenos Aires at eraszewski@bloomberg.net

To contact the editor responsible for this story: Joshua Goodman at jgoodman19@bloomberg.net