Argentine economy to grow 3 percent in 2017 and 3.5 percent in 2018: Moody’s

Argentina’s economy is expected to grow 3 percent in 2017 and 3.5 percent in 2018, primarily driven by public and private investments and initiatives expected from the government after the legislative elections in October, said Moody’s Investors Service in a new report. “While Argentina’s economic growth has been volatile, it is also larger and wealthier than peers,” says Gabriel Torres, a Moody’s senior credit officer. “But the proportion of debt held by the private sector is rising, increasing the country’s fiscal vulnerability.” Business Insider reports.
EU farm protectionism threatens deal with Mercosur
European Union nations led by France and Ireland have proposed postponing a farm trade offer to South America’s Mercosur bloc until rules are agreed to avoid unfair competition, diplomats said on Thursday, creating a potential obstacle to a deal. The countries said they were particularly vulnerable to imports of beef, ethanol, sugar and poultry from Mercosur and said an EU offer of import quotas would be “untimely” until a “level playing field” could be agreed. Reuters reports.
Pacific Alliance tackles non-tariff trade barriers
Latin America’s Pacific Alliance is looking to do away with non-tariff obstacles to trade between its members Chile, Colombia, Mexico and Peru, according to Mario Mongilardi, president of the Peruvian chapter of the trade bloc’s Business Council. “We are at a stage in which we …

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