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But the battle to reduce pension spending in #Argentina was hardly the "lose-lose scenario" some observers saw. @jpmorgan estimates that the reforms will yield savings worth 0.5% of GDP, a critical step toward @mauriciomacri's goals of reducing the deficit while lowering taxes.
The Latin America Daily Briefing details the price of passage not captured by economists in #Argentina: 150 people injured and 60 arrested as demonstrators
hurled stones, bottles and rocks and police deployed tear gas, rubber bullets and water cannons.
