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#Argentina's @mauriciomacri is in for a tough 2018, @macmargolis writes, as the “economic recovery has been tepid, politics toxic and expectations fevered,” https://www.bloomberg.com/view/articles/2018-01-12/argentina-s-macri-has-a-tough-road-ahead ….
The @BV analysis is too pessimistic, but correct to raise alarms about the recent deescalation in #Argentina’s fight against inflation: “Goosing growth to tweak the public mood is one of Latin America’s worst temptations, and can easily knock a recovering economy off the wagon.”
Importantly, #Argentina’s opposition includes a sizable group of moderate Peronists open to negotiations with @mauriciomacri. That’s why #Cambiemos’s pension reform ultimately passed, as did its budget and tax legislation.
Fortunately, #Argentina’s divided society is not producing partisan warfare in congress. Last year, for example, 60% of the legislation that originated in congress was introduced by the opposition, according to @DireLegislativo, http://directoriolegislativo.org/blog/2017/12/29/balance-legislativo-con-extraordinarias/ ….
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