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"Not so long ago, the markets were" on sale "in Argentina, the currency was falling, inflation was skyrocketing and stocks were nowhere to go,
The country's ability to resist the charm of its past populist politics has given rise to growing concern. But the announcement of
central bank
At the end of April, it would no longer allow the peso to float freely in a designated band, combined with more optimistic economic data, which would prompt investors to change their minds quickly. "
With this paragraph opens the note published last Friday by the British economic newspaper
The Financial Times, entitled
"Investors are excited by the signals of Argentina", which gives a nod to the
policies implemented recently by the government of the president
Mauricio Macri.
The publication points out that markets are returning "after the defeat of the beginning of the year".
The article also warns that inflation should slow down by the end of the year and warns that investors are also comfortable with the changing context of the presidential race: "Macri has recently announced a change of political center The choice of Michelangelo
Pichetto,
the leader of the Peronist majority in the Senate, aged 68, is his vice-presidential candidate. "
By broadening its electoral appeal, Macri hopes to boost its popularity, which has collapsed due to the country's growing poverty rate and strict austerity measures to rid the country of financial imbalances. ", the statement added.
The Financial Times do not avoid talking about the pre-candidacy of the exmandataria
Cristina Kirchner
and states that it was a "surprise" that he did not run for presidency and that he placed the former chief of staff, the more moderate
Alberto Fernández,
in this place.
Finally, the note highlights the "dangers" that could result in the return of Kirchner in the country and relies on the testimony of an investor, who warns about the arrival in power of the Fernandez duo -Fernandez. Jan Dehn, head of research at Ashmore, a London-based investment manager, is the one who closes the note and declares: "Peronism will take life away from Argentina and
fault. If the coalition with her (Cristina Kirchner) wins, the stock price will fall. "
IN ADDITION
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