Argentina Summit 2017

Argentine President Mauricio Macri speaks during an interview in Buenos Aires, Argentina, August 8, 2016. Picture taken August 8, 2016. REUTERS/Agustin Marcarian

After 12 years of a populist and divisive government, Argentina finally has the opportunity to reignite growth. The government inherited by Mauricio Macri from former President Cristina Fernandez de Kirchner—one with currency controls and trade restrictions choking productivity; inflation at around 25%; budget deficit swelling and foreign-exchange reserves dwindling—is very far from the country’s powerhouse status from pre-World War I days when it enjoyed the fastest recorded GDP rate in the world at the time.


Source PH front: REUTER


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