Argentina and Brazil: trading places
Source: The Financial Times
A peculiar role reversal is taking place between South America’s largest economies.
Argentina, long the region’s financial pariah, is coming in the from the cold following the election of a new president who has pledged to revive the economy, make amends with holdout creditors and regain investors’ trust.
Meanwhile, Brazil, the once high-flying darling among emerging market investors, has seen its fortunes come crashing down.
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