LatinNews Daily - 27 March 2018

Argentina: The credit rating agency Standard and Poor’s (S&P) has released a report approving of the government's new strategies to reduce debt in Argentina, but the long-term credit rating remained at 'B+'. The report, according to Argentine news outlet Infobae, predicted that President Mauricio Macri’s plan to gradually reduce Argentina's fiscal and trade deficits would work if the market stayed in good condition, and the inflation rate was projected to fall under 10% by 2021. The report also cites S&P as recognising that Argentina’s economy has steadily grown in the last two years, with GDP rising by 2.8% in 2017, and it predicted that, if growth continued, the national deficit could fall from over 6% of the GDP in 2017 to a projected 4.2% of the GDP in 2018.

End of preview - This article contains approximately 139 words.

Subscribers: Log in now to read the full article

Not a Subscriber?

Choose from one of the following options

• Subscribe
• Sign up for a one-time, 14-day trial