Debt: they warn that a restructuring could anticipate important deadlines

However, he noted that moderation of In front of everybody It will be essential that the weak stabilization persists and added that maintaining a good link with the market "is essential to avoid a cessation of payments and a new surge in the exchange rate".

In this sense, he said that the main opposition force was sending signals that policies such as the exchange rate would not restore the situation. Although he said "this is not enough with this", it is also necessary that the markets actually create them, which seems or seems guaranteed for the moment. "

"This erratic, volatile and tense scenario resulting from a latent default risk will be extended, at least, until the next elected president is badigned." Unfortunately, the situation will not improve significantly after December 10, "said the consultant.

For Ecolatina, beyond the electoral issues, the only thing certain for the months to come is that they will continue to be agitated and that the upward pressure on the exchange rate and the country risk will continue to be 'agenda..

"We can say that because of the recent exchange rate, inflation will accelerate and the loss of purchasing power will accentuate even in a scenario of reopening of collective bargaining, aggravating the recession that has affected the Argentine economy since 2018 "he said.

Ecolatina explained in the report the economic context and said that "the primary elections produced an unexpected result, not so much for who got every place as for the strength of the Front's triumph of all.

In this order, he said that since the elections, the dollar had accumulated an increase of more than 20%, that the stock market of Buenos Aires resulted in a 35% decrease of the peso and that the risk of the country had doubled.

And he added that if the situation has stabilized in recent days, calm is too fragile to be taken for granted. "Since stress originates outside the economic sphere, it is also outside of it that the signs of relief are emerging and they should be systematically renewed. More specifically, as long as the fire between the main candidates remains under control, the truce will be maintained, but if the contradictory declarations reappear, the financial and financial pressures will be restored, "he said.

And he concluded: "In the best case, the recent exchange rate could have been short-lived, but its effects on the nominal and real variables of the Argentine economy will be permanent. The fact that it retains its transitory character will only last a few months to the consequences; otherwise, it could lead to a crisis of greater magnitude than those that hit the Argentine economy in recent years. "