As expected, Argentina’s economy remained in recession in the first quarter of 2016, as the new centre-right government led by President Mauricio Macri implemented a sharp macroeconomic adjustment to correct a series of distortions inherited from the previous left-wing administration led by Cristina Fernández (2007-2015), including longstanding price, tariff and exchange rate controls. The Macri government insists that green shoots will begin to appear in the second half of the year, but patience is already wearing thin.End of preview - This article contains approximately 1430 words.
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