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LatinNews Regional Monitor: Brazil & Southern Cone - 10 October 2018
Argentina: Still not out of the woods
Argentina’s economy had a terrible month in September. The government made new efforts to stabilise foreign currency markets and negotiated a bigger and more front-loaded International Monetary Fund (IMF) stand-by loan. But the abrupt departure of central bank president Luis Caputo rattled the markets and encouraged further falls in the peso’s value. Everything indicates that even in the best scenario it will take until well into 2019 for the economy to be brought back on track.
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