The Week at a Glance

Argentina: Watch Out for the Summer!

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Those who are "at-risk groups" will remember February 6, 1989: that day the Plan Primavera in times of José Luis Machinea and Juan Sourrouille blew up. Convertibility began in April 1991 and was the product of a difficult summer. There are more examples showing that in Argentina, summertime is a fertile ground for economic shocks. The last precedent was in 2018, when interest rates remained low after the famous one of December 28, 2017 and in the summer of 2018 an outflow of dollars kicked off and eventually led to the agreement with the IMF in May of that year. Beyond specific issues (there
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