Good bye default, hello inflation: version 2.0

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Good bye default, hello inflation: version 2.0

Abril 2010

The outlook for the debt swap, and inflation

Good bye default, hello inflation! That was the title of our newsletter back in April 2005. The more things change, the more they stay the same. Despite the similarities, there are important differences between then and now, as in 2005 the economy was growing at almost 9% and inflation was only 8%, while the deal with the holdouts was raising hopes that Argentina would finally re-enter the world financial markets.