February 26, 2025 12:51 GMT
ARGENTINA: Milei Appoints Supreme Court Judges, Finance Secretary Quirno At G-20
ARGENTINA
- President Milei named Ariel Lijo and Manuel Garcia-Mansilla to the Supreme Court by decree yesterday, according to a statement from the president’s press office. The statement said that Milei had bypassed the senate, which was tasked with approving the nominations, because it had failed to vote on the candidates. The government said it will keep working to ensure the judges are approved in the senate.
- No macro data are due today, following yesterday’s stronger-than-expected economic activity figures. The 5.5% y/y gain in activity in December meant that the economy shrank by 1.8% overall last year, but with a strong recovery in H2. That recovery is expected to continue this year, with Itaú looking for a 4.5% increase in GDP. In their view, the recovery of real wages and lower interest rates are likely to support private consumption growth, while the normalisation of the trade amid lower capital controls should be positive for several sectors.
- Meanwhile, Finance Secretary Pablo Quirno will participate in the G-20 meetings in Cape Town today, where he’s due to meet with World Bank President Ajay Banga and Inter-American Development Bank head Ilan Goldfajn.
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