1) @BancoCentral_AR’s decision yesterday to maintain the interest rate at 60% was expected, and reasonable, as #Argentina’s central bankers have pledged not to lower the rate until at least December.
Show this thread
-
4) With additional headwinds from fiscal policy (targeting a 0% primary fiscal deficit next year),
@jpmorgan now expects#Argentina’s economy to shrink by 2.2% this year, the 2nd recession of@mauriciomacri’s presidency.Show this thread
5) Should admirers of #Argentina’s pro-market turn worry? Well, the election is >1 year away. But candidate selection and the primaries are months earlier, leaving little time for an economic recovery.
-
-
6) So, will
#Argentina’s economy recover quickly? It’s possible, but far from assured.@Citi, for one, predicts declining investment, due not only to higher interest rates, but also increased country risk and fears that Peronism might return next year.Show this threadThanks. Twitter will use this to make your timeline better. UndoUndo
-
Loading seems to be taking a while.
Twitter may be over capacity or experiencing a momentary hiccup. Try again or visit Twitter Status for more information.