|
IN ADDITION |
|
|
|
Gradualism is dead in Argentina.
In its place a new strategy has been devised to tackle the country’s monetary and fiscal challenges. It has just begun to be implemented.
But it is going to be a strong, inflation-fighting medicine with many serious and unavoidable side effects and a level of toxicity that may kill the administration’s ability to govern.
The most obvious side effect will be a deep recession, already underway and that is expected to be lead to a contraction of around -2.5%
Thanks for your interest in Euromoney!
To unlock this article:
