The Global Economy’s Luck May Run Out
Mohamed A. El-Erian warns that today’s positive macroeconomic and financial conditions could be the calm before the storm.
With a presidential election approaching next month, Argentina is once again on the cusp of a crisis that could end in depression and default, owing to mistakes made by everyone involved. Should President Mauricio Macri secure another term, he must waste no time in reversing the country’s economic deterioration.