No honeymoon for Argentina's new president as recession looms: poll

From Reuters:

Argentina's economic paralysis will probably get worse next year, a Reuters poll showed on Tuesday, as a newly elected president scales back state intervention, hoping for a swift recovery...

"The removal of subsidies, FX depreciation, curtails in public spending and tighter monetary policy will hamper growth in the short term," Oxford Economics analysts wrote in a report last week. The slowdown in China and recession in Brazil would also continue to weigh on Argentina next year, they added.

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