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Open for Business

Fourth week
September 2021

“High-Beta” is one of the most used analogies to describe the Argentine economy. There is a mathematical reason for that. Argentina is not the economy with the worst performance in a medium-term perspective compared to a large sample of developed and emerging countries. But it does hold the gold medal in volatility: that is, the standard deviation of economic growth, which in finance is equal to a high-risk bet.