Economist Podcasts Running into debt: Argentina’s new president
Dec 10, 2019
David Smith, an Economist correspondent from Argentina, shares insights on the country's new president tackling severe economic challenges like soaring inflation and high poverty. He discusses the complexities of leadership under the watchful eye of former president Cristina Fernandez de Kirchner. Callum Williams, a senior economics writer, dives into the resurgence of radical-left ideas and millennial socialism, exploring their appeal in today's political landscape. They also touch on the innovative strategies of American mega-malls combating e-commerce.
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Argentina's Economic Challenges
- Argentina's new president, Alberto Fernández, inherits a struggling economy with high inflation and poverty.
- He also faces a strained relationship with the IMF, which recently granted Argentina its largest loan ever.
Cabinet Composition
- Fernández's cabinet appointments include a mix of new faces and figures from Cristina Fernández de Kirchner's era.
- This suggests a blend of fresh economic perspectives and potential influence from Kirchner's populist policies.
Government Economic Strategy
- The new Argentine government prioritizes economic growth to address debt repayment and domestic crises.
- They seek to avoid default and focus on containing inflation, unemployment, and poverty.
