As #Argentina tries to return to growth, it faces external headwinds: CEPAL's 2019 economic survey highlights slowing world trade; falling commodity prices; and "sluggish growth" in major markets, including #China, where GDP is projected to expand by just 6.2% this year. 1/
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#Argentina is particularly hurt by a projected 8% fall in soy prices. And because of its heavy external borrowing over the past four years, it's particularly vulnerable to broader market turbulence "amid elevated risk aversion and declining capital flows to emerging markets." 2/pic.twitter.com/S3HY7QiuAa
7:49 AM - 2 Aug 2019
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