Markets Nervous About Argentina

The departure of Economy Minister Roberto Lavagna from the helm of Argentina’s economic management has left markets jittery as they wait to see whether the government will pursue expansionary policies that may spark rising inflation. Lavagna, who had an excellent relationship with the financial markets, was seen as key to keeping the country’s inflation in check. He served as economy minister for the past three years, overseeing the country’s debt restructuring programme. Argentina’s annual inflation rose to 10.7% in October, the highest rate so far this year.