Yes, Macri Failed on the Economy. But It Wasn’t All for Naught.
Yes, Macri Failed on the Economy. But It Wasn’t All for Naught.
An appraisal of the last four years, plus a look ahead, by a former central bank president.
BUENOS AIRES - Mauricio Macri's presidency is coming to an end. With a fall in per-capita income of close to 10% and cumulative inflation higher than 300% in his four years, it would be easy to declare his presidency a failure – which, in terms of economic results, it was.
The economic failure is surprising because Macri faced not only a relatively benign international scenario (no significant changes in its terms of trade, for example), but also because he received unprecedented support from a number of constituencies. Voters put him in the Casa Rosada in 2015 and elected his...
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