There are some unnerving similarities between Argentina’s current situation and that which preceded the 2001/02 crisis, including twin deficits, an overvalued exchange rate, and large external FX debts. But there are also some crucial differences which mean that, although the near-term economic outlook is pretty grim, the scale of any downturn should be much less severe than it was back then.
We’ll be discussing Argentina’s upcoming PASO election and what it means for the economy in a 20-minute online Drop-In on Wednesday 9th August at 10:00 EDT/15:00 BST. (Register here.)
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