Latin America's stimulus measures are desperately needed, but the hangover (daunting deficits and debt, worsened by plunging tax receipts) will be ugly, and hard to remedy in a region violently allergic to austerity.
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Replying to @benjamingedan
Indeed, Moody's just downgraded Argentina, noting an elevated risk of default.
9:55 AM - 6 Apr 2020
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