The trouble with Argentina - Taipei Times

In a commentary earlier this month, Joseph Stiglitz, a Nobel laureate in economics, described Argentina’s recovery last year as a “COVID miracle.”
However, the country might be heading for another economic disaster.
Consider Argentina’s recent economic history: When Argentine President Alberto Fernandez took office in December 2019, he inherited a two-year recession and soaring inflation of 53.8 percent from his predecessor, Mauricio Macri.
The COVID-19 pandemic then deepened the Macri recession, and real (inflation-adjusted) GDP fell by 9.9 percent in 2020.
While Argentina’s vast natural resources helped its recovery as the pandemic shifted global demand from services to physical goods, even

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