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Milei started better than expected and Argentina will have a surplus, says BofA. Brazil, on the other hand...

Summary by braziljournal.com
Bank of America believes that the Javier Milei Government started off better than expected, presenting an ambitious plan to address Argentina's twin deficits - the gaps in public accounts and external accounts. A sign of the positive surprise, says the BofA, was the stronger-than-expected rally of Argentine bonds since the inauguration of the new government. In the report “Argentina: a good start,” strategist Sebastian Rondeau highlights initiat…
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Bank of America believes that the Javier Milei Government started off better than expected, presenting an ambitious plan to address Argentina's twin deficits - the gaps in public accounts and external accounts. A sign of the positive surprise, says the BofA, was the stronger-than-expected rally of Argentine bonds since the inauguration of the new government. In the report “Argentina: a good start,” strategist Sebastian Rondeau highlights initiat…

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braziljournal.com broke the news in on Thursday, January 18, 2024.
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