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Moody’s Negative on Argentina

Sep 19, 2012

Moody's has lowered the outlook on Argentina's B3 rating to negative from stable, it says. The rating agency cites a “haphazard” policy environment, concerns about official reporting of GDP, inflation and other data, and the...

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"[While] it’s good to build more infrastructure and increase investment, you have to be conscious about the macro effects of too big an increase in domestic demand, including of course public expenditure."

Julio Velarde, Peru central bank


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