{"id":2822,"date":"2019-08-23T08:00:10","date_gmt":"2019-08-23T07:00:10","guid":{"rendered":"http:\/\/blogg.lnu.se\/china-research\/?p=2822"},"modified":"2020-01-20T08:58:12","modified_gmt":"2020-01-20T07:58:12","slug":"argentina-in-deep-crisis-again","status":"publish","type":"post","link":"https:\/\/blogg.lnu.se\/china-research\/?p=2822","title":{"rendered":"Argentina in deep crisis again"},"content":{"rendered":"

—————————————————————–<\/p>\n

Argentina \u00e5ter i djup kris<\/h2>\n

Sammanfattning \/ Brief summary in Swedish<\/strong><\/p>\n

Resultatet av Argentinas prim\u00e4rval helt nyligen f\u00f6rsatte landets finansmarknader i rent kaos. Utmanaren, peronisten Fernandez, vann tydligt \u00f6ver regerande presidenten Macris gruppering. Kort beskrivet st\u00e5r Fernandez politik f\u00f6r stark statlig styrning, medan Macri f\u00f6retr\u00e4der tydliga marknadsliberala v\u00e4rderingar.<\/p>\n

Orsaken till Macris valf\u00f6rlust \u00e4r att hans saneringsf\u00f6rs\u00f6k uppfattades som alldeles f\u00f6r h\u00e5rt av v\u00e4ljarna. F\u00f6ljaktligen tyder en hel del p\u00e5 en Fernandez-seger vid presidentvalet den 27 oktober. Peronistisk ekonomisk politik har st\u00e4ndigt misslyckats under de senaste \u00e5rtiondena. Men inte heller Macris insatser kan framst\u00e5 som speciellt framg\u00e5ngsrika. Tyv\u00e4rr finns det nu ytterligare en akut kris i v\u00e5r redan tillr\u00e4ckligt krisdrabbade v\u00e4rld \u2013 f\u00f6rmodligen utan att s\u00e4tta djupare globala sp\u00e5r. Men Argentina \u00e4r Sydamerikas n\u00e4st st\u00f6rsta ekonomi.<\/p>\n

——————————————————————-<\/p>\n

Though it not a new phenomenon, the world feels again sorry and worried about a new economic crisis in Argentina. Ruling president Mauricio Macri was recently defeated strongly in Argentina\u2019s primary elections by the Peronist Alberto Fernandez, leftist candidate for the presidential election in October 27 this year.<\/p>\n

Most observers think now that Fernandez will be the new president of Argentina. This is why financial markets reacted so chaotically on his recent landslide victory. Sure, Macri\u2019s liberal economic policy has been very tough – obviously too tough – for the Argentine people. On the other hand, financial markets know that Peronist economic policy always failed in the past.<\/p>\n

Thus, fears of renewed strong state interventionism was enough to provoke financial panic on August 12, the day after the primary elections. Enormous falls were noted for both the peso and the stock and bond markets \u2013 without contagion to other emerging markets. But Argentina is the second largest economy in South America.<\/p>\n

Recession<\/strong><\/p>\n

The turmoil happened when the economy already for some time had been affected by an ongoing economic crisis. GDP fell by 5.8 percent in Q1 this year (Q4 2018: 6.1 percent). Inflation belongs to the highest in the world, in July over 50 percent https:\/\/www.indec.gob.ar\/uploads\/informesdeprensa\/ipc_08_193C0A98AEA4.pdf<\/a><\/p>\n

Very recently, Macri promised the voters to provide economic policy with a more social profile. Good news? Probably not good enough to prevent Fernandez from winning the forthcoming presidential election.<\/p>\n

Unfortunately, there is still reason to cry for Argentina. I really wish to be wrong.<\/p>\n

\"\"<\/p>\n

Hubert Fromlet<\/em><\/strong>
\n<\/em>Affiliate Professor at the School of Business and Economics, Linnaeus University
\nEditorial board<\/a><\/p>\n

Back to Start Page<\/a>
\n<\/em><\/p>\n

\"\"<\/p>\n

Hubert Fromlet<\/em><\/strong>
\n<\/em>Affiliate Professor at the School of Business and Economics, Linnaeus University
\nEditorial board<\/a><\/p>\n

 <\/p>\n

Back to Start Page<\/a>
\n<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

—————————————————————– Argentina \u00e5ter i djup kris Sammanfattning \/ Brief summary in Swedish Resultatet av Argentinas prim\u00e4rval helt nyligen f\u00f6rsatte landets finansmarknader i rent kaos. Utmanaren, peronisten Fernandez, vann tydligt \u00f6ver regerande presidenten Macris gruppering. Kort beskrivet st\u00e5r Fernandez politik f\u00f6r stark statlig styrning, medan Macri f\u00f6retr\u00e4der tydliga marknadsliberala v\u00e4rderingar. Orsaken till Macris valf\u00f6rlust \u00e4r att […]<\/p>\n","protected":false},"author":174,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[545],"tags":[],"class_list":["post-2822","post","type-post","status-publish","format-standard","hentry","category-argentina"],"acf":[],"yoast_head":"\r\nArgentina in deep crisis again - China Research<\/title>\r\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\r\n<link rel=\"canonical\" href=\"https:\/\/blogg.lnu.se\/china-research\/?p=2822\" \/>\r\n<meta property=\"og:locale\" content=\"en_US\" \/>\r\n<meta property=\"og:type\" content=\"article\" \/>\r\n<meta property=\"og:title\" content=\"Argentina in deep crisis again - China Research\" \/>\r\n<meta property=\"og:description\" content=\"—————————————————————– Argentina \u00e5ter i djup kris Sammanfattning \/ Brief summary in Swedish Resultatet av Argentinas prim\u00e4rval helt nyligen f\u00f6rsatte landets finansmarknader i rent kaos. 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