South American Real Estate News
/ Category / Anne O. Krueger

Argentina economy needs Intensive Care to recover

Argentina’s President Mauricio Macri knew that he had inherited a sick economy when he took office in 2015 but failed to put in place the medicine. As a result, the country now has no choice but to face up to a period of painful structural adjustment. Imagine a man who has lived too extravagantly and eventually must go to the doctor for treatment of an acute disease, along with several other chronic conditions. The doctor prescribes a ten-day course of antibiotics, and advises his patient to start taking…
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