As Brazil Stumbles, Argentina Finds Surer Footing

Feb 18, 2016 | 09:15 GMT
Argentina's central bank in Buenos Aires will work over the coming months to tame inflation, which in 2015 hovered around 30 percent, the second-highest rate in South America.

Argentina and Brazil are once again on diverging political and economic paths. But unlike past cases, this time their roles are reversed. Both countries have always had close historical, trade and political ties. But Argentina is now setting the stage to leave its lengthy period of economic stagnation and political populism, while Brazil is momentarily suffering from economic contraction, slow growth and political instability. Consequently, Argentina's next several years are poised to be far less politically eventful and less economically problematic than for Brazil....

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