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A CaixaBank Research analysis reviews Argentina's macroeconomic adjustment since Mauricio Macri took office in December 2015. It notes inherited problems including low growth, inflation near 25%, an overvalued exchange rate, and a 6.6% of GDP budget deficit, and outlines the four pillars of the policy: liberalisation, tighter monetary policy, fiscal consolidation, and restoring investor confidence.
Argentina's shift toward a market-based peso and reduced subsidies shapes the peso's path and the country's farm export incentives, which in turn affect soymeal, corn and wheat export availability. A stronger or freer peso generally encourages farmer selling and export flows.
caixabankresearch.comÀlex RuizMar 20, 2017Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
