This year’s growth perspectives have changed a great deal after the drought and mostly after the currency crisis of the last few months. Currently, we expect a 2.5% fall in GDP for this year. This fall will leave a negative carry over of 3.0...
Argentina has been shocked due to the notebooks affair, which describes in detail the payments of many contractors to the Kirchner administration. The affair has a variety of implications, which go in opposite directions.
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 peso continued depreciating in June after the Central Bank withdrew the USD 5 billion offer at 25 ARS/USD in FX market and forced the resignation of Sturzenegger. Luis Caputo became the new president of the CB, a move to restore credibility...
