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ARGENTINA: Inflation slows but recession will linger
ARGENTINA: Spending cuts will prove unsustainable
The move followed a sweeping decree issued on December 20 to reform or eliminate some 300 laws governing economic, labour and social issues, and which has already prompted…
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DOI: 10.1108/OXAN-DB284267
ISSN: 2633-304X
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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…
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DOI: 10.1108/OXAN-DB284724
ISSN: 2633-304X
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The package also contains revenue legislation and lays out key economic assumptions such as the projected oil price and growth expectations for the US economy. A new president and…
However, it now anticipates that the contraction will be 1.0%, down from a previous forecast of 1.5%. This is in line with recent Chilean Central Bank forecasts of a…
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DOI: 10.1108/OXAN-DB278370
ISSN: 2633-304X
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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…
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DOI: 10.1108/OXAN-DB278451
ISSN: 2633-304X
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Fiscal adjustment was mainly driven by the fall in primary expenditure implemented by Economy Minister Sergio Massa in the second half of the year. This strengthened his position…
Days before this announcement, the government asked Congress to approve a primary deficit of up to 96.65 billion reais (some 1.5% of GDP) for this year. The sharp deterioration in…
Prospects for Brazil in 2016.