The other story – pleasing the markets

In Milei’s first 100 days in office the media headlines have largely and understandably focused on his running battles with congress, the provincial governors, and both hard and soft forms of political opposition. But there has been another parallel story: some key economic indicators have begun to move in what could be called the right direction causing financial markets to show a degree of optimism about the new president’s ability to turn round the economy. These remain early days and it is not clear whether the improvements are sustainable, but they deserve some detailed analysis.

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