Prospects for Argentina to end-2016

Subject

Prospects for Argentina to end-2016.

Significance

After taking office in December 2015, President Mauricio Macri has moved swiftly on several fronts to stave off further economic deterioration and strengthen his political position. His most notable early success is arguably the accord reached with holdout creditors to end Argentina's long-standing default and regain access to credit. However, this will be insufficient to ensure a successful mandate.