Tag

Economic Shock

All articles tagged with #economic shock

economics2 years ago•1 min saved

"Argentina's President Milei: Brace for an Economic Shock"

Argentina's newly-elected president, Javier Milei, warned the country to brace for a painful fiscal shock as he aims to tackle high inflation and steer the economy away from its sixth recession in a decade. Milei emphasized the need for aggressive fiscal cuts, stating that there is no alternative to a shock adjustment due to the lack of funds. He plans to make cuts equivalent to around 5% of Argentina's GDP, primarily affecting the state rather than the private sector. While Milei previously advocated for dollarization, he did not mention it in his inaugural speech, indicating a potential shift in his stance.

via Yahoo Finance|

#argentina #economic-shock #economics

politics2 years ago•6 min saved

"Javier Milei's Shock Treatment: Argentina Braces for Economic Turmoil"

Argentina's newly sworn-in President Javier Milei delivered a bleak inaugural address, warning of an economic "emergency" and the need for drastic public spending cuts. The country is grappling with 143% annual inflation, a plunging currency, and high levels of poverty. Milei emphasized the urgency for immediate action and stated that the adjustment would primarily impact the state rather than the private sector. While he has moderated some of his radical plans, such as dollarization and eliminating the Central Bank, Milei remains committed to dismantling the state by eliminating multiple ministries. He faces opposition from the Peronist movement and unions but aims to regain prosperity through tough decisions and solid growth.

via NPR|

#argentina #economic-shock #economy

finance3 years ago•2 min saved

Commercial Real Estate: Uncertain Future for Landlords and Investors

Goldman Sachs has challenged the consensus among Wall Street analysts that commercial real estate could cause an economic shock. Strategists at the bank said there was limited risk of "a vicious circle of large leveraged losses" and that the turmoil would likely be contained to office loan delinquencies. While other analysts have expressed concern about the office sector, Goldman Sachs believes apartments, manufacturing plants, warehouses, and other types of commercial real estate are better-capitalized and won't suffer a huge crash.

via Markets Insider|

#bank-of-america #commercial-real-estate #economic-shock