The primaries have clearly marked a turning point for financial stability and economic performance: investors were in shock and confidence all but disappeared, in a matter of hours Argentine credit spreads went through the roof, all financing...
The new administration is moving very quickly to establish a new policy regime that addresses the main obstacles that have been affecting investing and growth.
Macri lost the primaries against Alberto Fernández by an unexpected difference of 15 points. The market reaction was very negative, with a significant depreciation of the peso and significant losses across all asset classes.
