Uncertain Times

ARGENTINA - Report 02 Oct 2013 by Esteban Fernandez Medrano and Domingo Cavallo
This report reviews some factors that are generating political and economic uncertainty for the immediate future. They are the upcoming midterm elections, the legal battle with the holdouts, the dubious 2014 Budget, and the government’s interventionist stance. Although none seems important enough to change our recent Macro Outlook, the combination may imply rising uncertainty/volatility, requiring investors to be watchful.The latest polls suggest that the government is not improving its voter support compared to the disappointing primary elections in August. This could affect the mood of th...

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