Como era de esperar el Directorio del Fondo aprobó la revisión del programa de Argentina, aunque dejó en claro que Massa incumplió todas las metas. El FMI aplaude el esfuerzo fiscal que promete el...
Argentina's Economic Outlook 2Q 2014
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Argentina's Economic Outlook 2Q 2014
Segundo trimestre
2014
The outcome of the negotiations with the holdouts will have a decisive effect on the outlook for the Argentine economy. Argentina has no furthers possibilities to appeal Griesa's ruling and hence the options are either to reach an agreement with the holdouts or to face a new default.
If the outcome is an agreement and Argentina finds a mechanism to pay without triggering the RUFO clause, we anticipate a further rally in the prices of Argentine bonds and a quick recovery in economic activity.