In a new, upbeat report, @jpmorgan projects 3.3% GDP growth for #Argentina in 2018, and inflation dropping to 15.2% (reflecting continued progress, though not enough @fedesturze wizardry to meet the @BancoCentral_AR's 12% target).
But in the short term, @jpmorgan analysts say, @mauriciomacri's proposed tax cuts will reduce overall revenues, leading to a primary deficit equal to 3.4% of GDP in 2018 (just above the 3.2% target) and almost $33 billion in additional borrowing.