President Milei's stabilisation plan for Argentina's economy makes it more likely that the IMF will agree to relax the current programme criteria when officials from both sides meet later today. But implementation risks facing Milei’s plans are very high – as evidenced by this week’s court annulment of the labour reforms. Otherwise, this week's activity data from Chile support our view that the economy is on the recovery path and that growth this year will surprise to the upside.
Note: We’ll be discussing the impact of nearhshoring on Mexico's economy in a Drop-In briefing on Thursday 25th January. Register here for the 20-minute session.
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