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1) Though #Argentina is back at the #IMF for help, just two months after securing a $50 billion bailout, it has shown some progress, with its trade deficit narrowing and its overspending slowing, @jpmorgan notes in a new report.
2) Still, the recent capital flight has had a "severe toll on activity," @jpmorgan observes, and with a 60% interest rate and projected inflation of 42%, #Argentina's economy will contract by 2.2% this year.
