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Can Fernández Fix Argentina?

By voting President Maurico Macri out of office, Argentinians have signaled that they will no longer tolerate continued economic crisis, much less policies that appear to make matters worse. But, because solutions to Argentina's problems are not mutually compatible, the new government will likely face similar challenges.

BUENOS AIRES – The acute economic crisis that has been afflicting Argentina since 2018 has just produced a change in government. The newly elected president, Alberto Fernández, inherits from his predecessor, Mauricio Macri, a severely battered economy. Argentina is now being squeezed by a high debt burden, impaired social conditions, and soaring inflation and unemployment all at the same time.