- Since being elected (2015), Argentina’s president Mauricio Macri has gradually reversed his predecessors populist/socialist economic policies that increased national debt and hurt the private sector.
- In the mid-1900s, Argentina was among the top 10 wealthiest nations.
- By removing currency controls, scrapping export taxes, and reducing energy subsidies, Argentina’s budget has stabilized and business opportunities are rising.
- Argentina’s budget deficit will shrink from 4.8% of GDP to 1.9% by 2020 (IMF).
- Inflation has declined from 40% (2016) to more-manageable 15%.
- Macri promises bigger reforms if he’s re-elected.
Argentina’s gamble on economic gradualism is working, so far
(01/18/2018)
