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The path to averting a default in Argentina

Market Commentary

14 August 2019

Investors are suddenly much more concerned about the political transition in Argentina. The country’s stock of debt is large but not unmanageable, with a path to avoid default and to boost growth in sight. This path requires a strong commitment from politicians and a continuation of fiscal consolidation and is the path preferred by the population, by some politicians and by investors. There are encouraging signs that the main contenders want to do the right thing. If they want to do so, they must move soon.

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