Argentina’s Uncertain Prospects
Argentina's new government inherits a country on the brink of a balance-of-payments crisis. Its challenge will be to restore macroeconomic balance without undermining the social and economic gains that have been achieved over the last decade.
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SHANGHAI – Mauricio Macri’s election as Argentina’s president brought to an end 12 years of government led by Néstor and Cristina Fernández Kirchner. Macri’s administration inherits a delicate economy. If he is not careful, Argentina could face a balance-of-payments crisis, owing to deteriorating external conditions and macroeconomic mismanagement, especially since 2011.