Back

LatinNews Daily - 07 September 2018

In brief: Argentina

Argentina: US-based investment bank Morgan Stanley has released a new report in which it projects that Argentina’s domestic economy will contract by 2.3% this year and that the year-end inflation rate will reach 41.4%. The report also says that bank’s analysts’ base scenario for Argentina is one in which it reaches a positive new agreement with the International Monetary Fund (IMF) that results in additional funds being disbursed to the country this year and that the government can reach a political agreement over an austere 2019 draft budget in congress, all of which would help to restore market confidence in Argentina. But the report warns that if these two objectives are not achieved then the market confidence crisis will continue and “there will be additional exchange rate depreciation…which produces growing governability risks”. 

End of preview - This article contains approximately 135 words.

Subscribers: Log in now to read the full article

Not a Subscriber?

Choose from one of the following options

LatinNews
Intelligence Research Ltd.
167-169 Great Portland Street,
5th floor,
London, W1W 5PF - UK
Phone : +44 (0) 203 695 2790
Contact
You may contact us via our online contact form
Copyright © 2022 Intelligence Research Ltd. All rights reserved.