Ruchir Sharma highlighted Argentina as one of the six nations that replaced economic crises. What measure valued and why.
Ruchir Sharmafinancial leader of Rockefeller Internationalincluded Argentina in a brief list of the six nations that were replaced from economic crises and now have sustained growth.
Under his criteria, exposed in a column in Financial Times, these countries promoted in recent times reforms that “They are beginning to pay off“
In addition to Argentina, it also included South Africa, Sri Lanka, Nigeria, Greece and Spain. He considered that these countries managed to reverse “historical” fiscal deficits and “are directed towards a primary surplus for the first time since the end of the 2000s.” “This indicator, which excludes debt interest payments, is key to evaluating the financial sustainability of a country,” he said.
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In relation to this, a few days ago the Minister of Economy, Luis Caputo announced that in February the public sector maintained the financial surplus and recorded a sum of $ 310,726 million.
In his analysis, the expert added: “The countries introduced improvements in the stock markets and in credit conditions and a positive change in their fiscal accounts. “
In the case of Argentina, Sharma highlighted the measures of President Javier Milei, whom he considered as a “controversial” economist.
Together with Sri Lanka, he contemplated the country as “one of the two world markets with the best results in dollars.”
He said that the country located in Asia and Argentina are the “new economic stars”and highlighted in the trimming of the public spending carried out by the National Government.
Source: Ambito
