The final round of Argentina’s presidential election between Javier Milei and Sergio Massa on Sunday offers starkly different paths for the economy – shock therapy or more of the current government’s distortive economic policies. The polls suggest that the race is neck and neck. Irrespective of who wins, the peso is likely to fall sharply and Argentina’s next public debt default will probably come a step closer. Elsewhere, the woes of Mexico’s state oil company, Pemex, have also come back into the spotlight this week, reinforcing an argument that we made earlier in the year that the firm’s debts are unsustainable.
Become a client to read more
This is premium content that requires an active Capital Economics subscription to view.
Already have an account?
You may already have access to this premium content as part of a paid subscription.
Sign in to read the content in full or get details of how you can access it
Register for free
Sign up for a free account to:
- Unlock additional content
- Register for Capital Economics events
- Receive email updates and economist-curated newsletters
- Request a free trial of our services