The President of the Nation, Alberto Fernández, returned to the fray to raise the export taxes for the agricultural sector with the intention of "decoupling" (even more) local prices from international prices.
The IMF program triggered a conflict within the government coalition between the populist and more “orthodox” sectors. The key differences are the importance that each of then attach to the targets set in the IMF program.
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.
The economy rebounded 10.3% in 2021 after the collapse of 9.9% in 2020. In the fourth quarter, activity grew 1.5% compared to the third quarter s.a. and 8.6% y/y.
