2 Experts: Argentina To Raise $13 Billion As Mexico Flounders
By: Dimitra DeFotis
With Mexico’s economy so tied to the United States and the volatile future of trade under president-elect Donald J. Trump, Argentina is popping up as a relatively attractive market.
In the year following market-friendly economic reform following the election of President Mauricio Macri, currency devaluation and other measures attracted investors already to Argentina. But Bank of America Merrill Lynch strategists Sebastian Rondeau and Jane Brauer think that despite the government’s flurry of borrowing activity, Argentina’s primary deficit in 2017 will be 4.4% of GDP, above the 4.2% target:
External Link: CLICK HERE FOR FULL ARTICLE