1) In a new, upbeat #Argentina report, @Citi observes “green shoots” in December (e.g., low but increasing consumer confidence) and projects 0% growth this year and 3% growth in 2020: “The worst is behind us,” the analysts say.
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3) Finally,
@Citi also sees continued peso stability, despite a general trend of emerging market currency volatility during presidential campaigns.Show this thread -
4) It’s worth noting that 0% growth is nothing to brag about, but it’d better than the 2012, 2014, 2016 and 2018 recessions, and it would signal a recovery just in time for the election.
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