Yes, Argentina’s Macri Failed on the Economy. But It Wasn’t All for Naught.
An appraisal of the last four years, plus a look ahead, by a former central bank president. Mauricio Macri’s presidency is coming to an end. With a fall in per-capita income of close to 10% and cumulative inflation higher than 300% in his four years, it would be easy to declare his presidency a failure – which, in terms of economic results, it was. The economic failure is surprising because Macri faced not only a relatively benign international scenario (no significant changes in its terms of trade,…
The G20 comes to Argentina
The 2018 G20 Buenos Aires summit will be the thirteenth meeting of Group of Twenty (G20). It will be held in 2018 in the city of Buenos Aires, Argentina. It will be the first-ever G20 summit to be ever hosted in South America so it is a proud moment for the region. G20’s History A leading global forum The Group of Twenty (G20) is a leading forum of the world’s major economies that seeks to develop global policies to address today’s most pressing challenges. The G20 is made up of 19 countries…
Argentina’s Primary Elections Show That Macri’s Anti-Populism Can Win
Except in times of war, few politicians have achieved great electoral success by telling voters to sacrifice living standards today for the sake of a better tomorrow. But in a surprising turn of events, voters in Argentina have just given an unexpected endorsement to this message, which has been the guiding logic behind the anti-populist policies of President Mauricio Macri. On Sunday, Argentina held primary elections ahead of the Oct. 22 midterm legislative polls. It wasn’t supposed to be a very momentous…
Argentina’s future is under the spotlight by new investors looking for change
Argentina’s future is in the spotlight by investors. For more than a decade, Argentina was a financial pariah. It had more commercial disputes in the Hague than all the other countries put together. A long-running dispute with a Vulture Funds which purchased some of its defaulted debt left it shut out of global credit markets and shattered its reputation as a safe place for business. Regardless of the rights and wrongs of this action the earlier Kirchner Government had negotiated this agreement and…
STRONG WINDS OF CHANGE IN ARGENTINA
Change in Argentina takes hold Argentina has been dealt a winning hand after 70 yrs of failed policies which removed it from its peer group, Australia and Canada into a economic basket case and a social disaster. With corruption so high it would make your eyes water, and abject record poverty hiding behind lying statistics most investors have given up long ago and concentrated on the more progressive economies of Chile, Peru, Paraguay and Uruguay. The general consensus was the past Kirchner Government was…
👓 ARGENTINA: NEW PRESIDENT NEW OPPORTUNITIES: DCDB Research
PEOPLE ARE TALKING ABOUT ARGENTINA’S NEW PRESIDENT FOR ALL THE RIGHT REASONS Read part of DCDB latest report on Argentina’s change of direction. Argentina: New President, New Opportunities Argentina’s new president-elect Mauricio Macri is set to usher in a new era after 12 years of leftist government. He takes power on 10 December, 2015. Markets expect that President Macri will settle a lawsuit with holdout creditors, return the country to international capital markets, and promote growth. Mauricio…
