#Argentina’s 40% interest rate seems sufficient, so far, to stabilize the peso, but in @Bloomberg, Mohamed El-Erian warns of the growing “likelihood of recession, self-feeding vicious debt dynamics and additional financial turmoil.” https://www.bloomberg.com/view/articles/2018-05-06/why-argentina-struggles-to-become-a-normal-country …
7:25 PM - 6 May 2018
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