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Plenty of #Argentina optimism at the spring meetings, but concerns about inflation and @BancoCentral_AR independence linger, following the notorious December press conference and subsequent rate cuts, despite @fedesturze’s return to a hawkish stance.
On the other hand, #Argentina’s officials in Washington have had plenty to brag about when it comes to meeting deficit-reduction targets. The government beat the Q1 target by 0.3% of GDP, despite increased social spending (60% of primary expenditures, according to @jpmorgan).
