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Argentine economic outlook will worsen this year

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ARGENTINA

The severe drought’s impact on export earnings has fuelled fears of devaluation, increasing exchange pressures and forcing the government to implement further domestic debt swaps…

IMF deal will bring little relief in Argentina

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ARGENTINA

The new agreement envisages a primary surplus of 2% of GDP, a zero general deficit and reserves accumulation of USD10bn; it includes no new funding. However, the widening gap…

Elections may end attempts at orthodoxy in Argentina

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ARGENTINA

Lower spending and a contraction in the monetary base have helped reduce the gap between the official and informal exchange rates and devaluation expectations. The government also…

Instability will rise ahead of Argentine elections

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ARGENTINA

Apart from mounting frustration and economic pain, there is a marked shift in public opinion away from Vice-President Cristina Fernandez de Kirchner (CFK). Much remains unclear…

Argentina-IMF debt deal hangs in the balance

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ARGENTINA

Opposition leaders suspended a meeting with Economy Minister Martin Guzman, while Foreign Minister Santiago Cafiero’s visit to US Secretary of State Antony Blinken elicited…

Private-sector credit squeeze hits Argentine recovery

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ARGENTINA

The government has continued to absorb banks’ liquidity to close the fiscal deficit, with most private investors reluctant to finance the Treasury. The decline in demand for…

Argentina stabilisation plan will prove challenging

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ARGENTINA

With Milei now predicting six months of stagflation and up to two years to reduce inflation from triple digits, dollarisation appears to have been shelved. Instead, he seems…

Argentina spending cuts aim to ease primary deficit

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ARGENTINA

Massa also extended peso debt maturities through a successful debt swap. On the political front, he was able to overcome the resistance of Vice-President Cristina Fernandez de…

Economic orthodoxy will face challenges in Argentina

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ARGENTINA

The 2021 budget implies a significant fiscal adjustment, with the primary deficit falling from 7-8% of GDP in 2020 to 4.5% in 2021, mainly due to the end of the pandemic relief…

Argentina's 2021 budget bill highlights uncertainties

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ARGENTINA

The bill forecasts a fall in the primary deficit next year, mainly due to an expected drop in COVID-19-related welfare payments. The government also aims to boost public works to…