Argentina's weak activity data continues to sink in, with local press describing markets digesting the negative numbers and government officials themselves debating the policy path
Argentina's weak activity data continues to sink in, with local press describing markets digesting the negative numbers and government officials themselves debating the policy path as recession risk grows following the GDP drop. A new law allowing Buenos Aires power firms to offset roughly $781 million in old debts adds a fiscal wrinkle to the picture. Argentina-linked assets remain under a cautious mood, with investors watching whether the slowdown narrative firms up ahead of elections.
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