- Argentina’s public spending spree is finally catching up with the country.
- By liberalizing the capital account before taking care of the fiscal and current account deficits, the present government has made things worse.
- Now it has no choice but embark on a brutal fiscal adjustment and the economy will tank.
- And it could get considerably worse if it doesn’t regain credibility in the markets, there are various vicious cycles operating.
Start Crying For Argentina
September 4th, 2018 · No Comments
Tags: Emerging Markets