Valdai Club

On October 11, the Valdai Discussion Club hosted an expert discussion on the economic situation in Argentina on the eve of a general election.

After the primaries ahead of the presidential elections to be held in Argentina on October 27, the country was on the verge of another debt default. The current president, Mauricio Macri, lost in the primaries to his main rival - Alberto Fernandez, and the peso collapsed in record time.

Since the middle of the last decade, the Argentinean economy has experienced several crises, but failed to resolve its difficult economic situation. Buenos Aires regularly receives assistance from the IMF. In the first half of 2019, inflation amounted to more than 22%. There are fears that a severe economic crisis, starting in Argentina, could affect many other countries throughout the world.

Is it possible for Argentina to overcome the current negative trends in its economy and reduce the potential for crisis? How dangerous is the current Argentine crisis for other parts of the world? What can Macri do now to correct the situation and increase his number of supporters? How likely is his victory? Participants in the expert discussion answered these and many other questions.

Speaker:

• Andrés Serbin, Executive Director of CRIES (Coordinadora Regional de Investigaciones Económicas y Sociales), Co-Chairman of the Asian and American Latin American Studies Association (LASA).

Moderator:

• Yaroslav Lissovolik, Programme Director of the Valdai Discussion Club.