Brazil Close ties to Argentina

According to Finance Minister Nelson Barbosa today in Davos an upside to the Real depreciation is that now there will be a revival in regional trade with Argentina as the two countries’ exchange-rate regimes are better aligned.

Nelson Barbosa met with his Argentine counterpart, Alfonso Prat-Gay, on the sidelines of the World Economic Forum annual meeting and were said to have discussed, among other things, accelerating a trade agreement with the European Union. This is the positive message.

The Minister acknowledged that inflation in 2016 is likely to linger  because of the high indexation of the economy. He promised the government would look to put its budget on a stronger footing and push for a tax reform.

Source:

The Wall Street Journal Online

By Stephen Fidler
22 January 2016,
463 words,
English,
Copyright 2016 Dow Jones & Company, Inc. All Rights Reserved.
Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

Emerging Markets Insights

a blog by Frontier Strategy Group

longandvariable

A blog on macroeconomics and public policy by Tony Yates.

%d bloggers like this: