The outlook for #Argentina remains "relatively grim," @FrontierStrtGrp's @schobetrotter writes in a new report, but the "disorganized opposition" gives President @mauriciomacri a shot a reelection. 1/
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And that's hardly the worst-case scenario.
@FrontierStrtGrp analyst@schobetrotter warns that persistently high inflation would lower real wages; reduce consumer spending; erode public support for the government; and keep interest rates stiflingly high. 3/Show this thread
That said, the @FrontierStrtGrp report projects growth in the final two quarters of the year, which would provide pre-election optimistic headlines and could help keep Cambiemos in the Casa Rosada. 4/
