Economy / Argentina
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Shades Of 2001-02... But Default Unlikely
June 2008 | Economic AnalysisSorry, you must be a subscriber to view this article in full. If you are a subscriber please login.
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Six years on from a full blown crisis that plunged the economy deep into recession - and in spite of the painstaking restructuring of its sovereign external debt that ensued - the question of a potential Argentine default is back on the minds of global investors. Such an event may appear unfathomable for an economy expanding at some 8-9% per annum, but regular readers will be well aware of our view that economic distortions in the country are growing rapidly. The current policy mix in Argentina is fraught with economic and political risks, which have come to a boil over