Not surprisingly, President @mauriciomacri's expansion of @CFKArgentina-era price controls was not reassuring to Wall Street. "Price controls have generally failed in Argentina (and the world)," @jpmorgan wrote in a research note on #Argenitna's latest inflation-control measures.
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Voters, meanwhile, will be pleased to hear that prices for electricity, natural gas and public transportation will be frozen for the remainder of this (election) year, even as
#Argentina tries to meet the#IMF's zero deficit requirement.Show this thread -
It is unclear whether relief from utility price hikes, coupled with price controls for popular food items, will be enough to buoy President
@mauriciomacri's reelection campaign, in a year of negative economic growth in#Argentina and inflation that analysts expect to hit 36%.Show this thread
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