In today's press:
And why are some of the quoted reports questionable?
Argentina is likely to “visibly accelerate” the depreciation of the peso to remain competitive next year after Fernandez’s victory, Goldman Sachs Group Inc. analyst Alberto Ramos said today in a note to investors. Consumer prices by the end of the year are expected to have increased by more than 50 percent from year-end 2009, according to the report.
“Much of the favorable conditions that boosted President Fernandez de Kirchner will soon disappear, squeezing the economy like an oversized plump lemon,” Walter Molano, head of research at BCP Securities, wrote in a report today.
And why are some of the quoted reports questionable?
The country also hasn’t allowed the International Monetary Fund to review its finances, as it does for every other member country, since 2006, and has failed to reach an accord with the Paris Club group of creditor nations to settle claims on $9 billion of defaulted debt.