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Goldman Sachs Say New Economic Measures Fall Short Of Expectations

ARGENTINA

Goldman Sachs say the measures announced on Aug. 3 “fall significantly short” of desired and required policy mix.

  • From the Bloomberg report Goldman Sachs say:
  • “Conspicuously absent was any measure or announcement to deal with the increasingly overvalued and tightly controlled/managed exchange rate”.
  • “Implementation of some of the measures will be politically and socially challenging,” such as the fiscal adjustment in 2H22 and the reduction of subsidies.

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