01-08-19 Latin American Weekly Report
Economy & Business Report
Vizcarra drops bombshell and calls for early elections in Peru
Argentina’s President Mauricio Macri announced the implementation of a series of severe economic measures this week in a bid to restore market confidence in the ailing peso and credibility in his administration. By decisively turning his back on economic gradualism in a bid to eradicate the fiscal deficit, reneging on his promise not to raise taxes and cut spending, Macri has taken a big political gamble. It will scupper his chances of re- election in October next year if it fails to pay off. The markets are yet to be convinced. A revised deal with the International Monetary Fund (IMF) and an accord with the political opposition over the 2019 budget could change that, but even then market satisfaction could be short-lived. The concern for Macri is that in the process he could earn the lasting enmity of a public whose patience is expiring as rapidly as the currency’s value.
By joining as an individual member you’ll have the opportunity to access our wide range of public events at a discounted rate, as well as additional benefits such as online access to in-depth reports, webinar recordings and This Week in Latin America news articles.
Get the latest information on upcoming Canning House events and other events related to Latin America and Iberia across the UK and beyond.