In an article written by Benedict Mander for the Financial Times on September 12, Cefeidas Group managing director Juan Cruz Díaz was quoted on how accelerating inflation and Argentina’s economic situation affect the prospects for President Mauricio Macri’s re-election.
“Macri set the bar very high when he started his term, and it is coming back to haunt him,” said Juan Cruz Díaz, managing director at Cefeidas Group, a risk consultancy in Buenos Aires.
“This generates greater economic uncertainty at a time when the government doesn’t need any more. Undoubtedly it affects the social mood and the electoral process,” he added. “An acceleration in inflation is clearly bad news for the government.”
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