IMF slashes Argentina’s growth forecast over Milei’s ‘shock therapy

Sharing is Caring!

(Bloomberg) — The International Monetary Fund revised down its growth estimate for Argentina, forecasting South America’s second-largest economy will shrink for two consecutive years as President Javier Milei pushes for a “significant policy adjustment.”

finance.yahoo.com/news/imf-sharply-cuts-argentina-growth-130000884.html?fr=yhssrp_catchall

See also  538 forecast says Trump Biden is 50-50. Nate Silver — Biden has 27 percent chance of winning.

But after less than two months at the helm of Latin America’s third-largest economy, the self-described anarcho-capitalist is already facing off against opponents in the streets and in Congress, where some of his overhauls have already been derailed. Its inflation rate is now the world’s highest, surpassing even Venezuela’s.
www.msn.com/en-us/money/companies/argentina-s-president-promised-a-free-market-revolution-and-says-he-s-delivering/ar-BB1hmZsH

Argentinian court overturns Milei’s labor rules, in a blow to his reform plans
www.wsbtv.com/news/argentinian-court/I6QWULMT4BFB2YRWZZGSYNUT6Q/

See also  House Price falls in China are feeding directly into weaker GDP growth

Argentina Can Appeal Hedge Funds’ Lawsuit Over GDP-Linked Securities
www.inkl.com/news/argentina-can-appeal-hedge-funds-lawsuit-over-gdp-linked-securities

h/t Emeraldlight

Views: 212

Leave a Comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.