Markets on wait-and-see mode as key fiscal turning point nears
(WorldNews Politics)

Once again, the Argentine economy faces critical decisions to avoid a new downturn and take the path to more sustainable growth. Markets are keeping a close eye on the post-electoral roadmap outlined by the administration of President Mauricio Macri. As of October 2017, according to market consensus, President Macri`s government had managed to improve the Argentine economy by applying a `gradualist` approach to curb the fiscal deficit and raise the possibility of balancing public finances with an inflow of external capital. The scheme functioned like clockwork: Minister of Finance Luis Caputo successfully completed a series of international bond issues that secured the dollars required to...