Traders are having a field day as Argentina suffers.
A man walking past an electronic board showing currency exchange rates and an Argentine flag at a money exchange in Buenos Aires, Argentina.simply click here to claim your deal and get access to all exclusive Business Insider PRIME content.
The country had been steadily attempting to improve its difficult economic situation under President Mauricio Macri over the past few years, but shock election results on August 11 saw a rise in support for the opposition challenger Alberto Fernández and his running mate, former President Cristina Fernández de Kirchner.
In a note dated August 30, analysts led by Tiago Severo said they expected"a longer and deeper recession amidst higher inflation" — saying Argentina's economic slump was likely to be the longest since the country's disastrous default in 2001. S&P also indicated that the country was now in selective default despite Argentina's $57 billion loan agreement with the International Monetary Fund, which was the fund's largest outlay to date when agreed a year ago."Things in Argentina are likely will get worse, even with IMF support, and the country will struggle to access to international markets," said Andres Abadia, a senior international economist at Pantheon Macroeconomics.
Indonesia Berita Terbaru, Indonesia Berita utama
Similar News:Anda juga dapat membaca berita serupa dengan ini yang kami kumpulkan dari sumber berita lain.
The startups that hack your devices, WeWon't, and Goldman Sachs ruffles feathersHere are the top business stories you need to read this week, including an inside story on NSO Group and lots of WeWork coverage.
Baca lebih lajut »
Ex-UK PM May's Brexit negotiator Robbins to join Goldman SachsFormer British Prime Minister Theresa May's chief Brexit negotiator Olly Ro...
Baca lebih lajut »
Goldman Sachs analyzed 4,481 IPOs over 25 years and concluded that these 5 attributes can make or break a newly public companyMoney-losing startups like Uber, Lyft, and Pinterest have all gone public in 2019 after years of raking in venture capital funding.
Baca lebih lajut »
Saudi Aramco likely to give IPO roles to Citi, Goldman, HSBC and Samba: sourceSaudi Aramco is likely to give roles to Citi , Goldman Sachs , HSBC and Samba Fi...
Baca lebih lajut »
Your Weird Office Bathroom Habits, ExplainedEven if you’re not shy about your bodily functions, often, bathrooms are the only place in an open-plan office where workers can find privacy.
Baca lebih lajut »
Ex-NFL Star Rashad Jennings Thinks Eli Manning Will Surprise ManyHere's why Rashad Jennings thinks Eli will be better than ever this year.
Baca lebih lajut »