Changing Argentina’s Inertia: Is It Possible?
By
Eduardo Levy Yeyati
The obstacle, as always, is politics.
BUENOS AIRES – Sir Isaac Newton’s law of motion holds that an object will continue moving in the same direction, and with the same velocity, unless it is affected by an external force Unfortunately, this is clearly true of Argentina’s economy as we begin 2021 Argentina’s inertia on its present course is strong Its recent economic cycles have become so tightly spaced that we don’t get to see a sustained rebound before the next relapse occurs The latest sequence could be described as a currency crisis that started at the end of 2017 and has been fluctuating on a clear downward...
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