), cutting the gap between the two sides and raising hopes of a deal. Still, both sides say there is much work left to do.
Argentina is set for a third straight year of recession with forecasts of an economic contraction around 6-7%, while emergency spending on the COVID-19 pandemic response is sapping government coffers and pumping up the country’s deficit. “The mood music has changed considerably from both sides recently,” said one fund manager who has in recent weeks added significant amounts of exposure to Argentine bonds and is now overweight on the credit.
How does a country default nine times?
Argentinians have 'attained' Herd Immunity for going default again and again
Failed state
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