Global investors expect a
large amount of financial pain out of Argentina no matter who
voters pick on Sunday as their next president, with social
unrest as top of mind as a much-needed fiscal. -November 16, 2023 at 01:30 am EST
- MarketScreener
Global investors expect a large amount of financial pain out of Argentina no matter who voters pick on Sunday as their next president, with social unrest as top of mind as a much-needed fiscal adjustment will likely trigger even more inflation. Economy minister Sergio Massa and populist outsider Javier Milei go head-to-head in the Nov. 19 presidential election run-off, a choice between sticking with the current Peronist government or a sharp swerve to a right-wing libertarian. "There is no room left to muddle through with the current economic policy stance, and the incoming president will have to take a turn in economic policy," Barclays' Latam economist Pilar Tavella said in a Wednesday note.
Global investors anticipate a large amount of financial leverage out of Argentina no matter who voters opt for as their next president Sunday, with social.
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