Argentina's Economic Turnaround: Record Low Country Risk Sparks Market Euphoria

Argentina's country risk index dropped to its lowest since July 2019, as the market expressed confidence in President Javier Milei's fiscal policies and public debt management. Despite austerity measures, the economy sees improvements in bond values and stock exchange highs, setting a positive scene for international negotiations.


Devdiscourse News Desk | Updated: 14-11-2024 21:29 IST | Created: 14-11-2024 21:29 IST
Argentina's Economic Turnaround: Record Low Country Risk Sparks Market Euphoria
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In a notable economic shift, Argentina's country risk index hit its lowest level since July 2019, signaling growing market confidence in President Javier Milei's fiscal policies and handling of public debt.

Driven by stringent austerity measures and pro-market reforms, the country's financial health is improving, evidenced by a drop in the JPMorgan risk benchmark to 784 basis points.

Despite rising poverty, Argentina's economic revival is seen in booming bond parities and stock market highs, providing a promising backdrop for international discussions, including upcoming talks with U.S. President-elect Donald Trump.

(With inputs from agencies.)

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