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When Alberto Fernandez takes over the Argentine presidency on Dec. 10 he will inherit an economy running short of dollars, with rampant inflation and rising poverty. Don’t expect him to ask Argentines to tone down their expectations though.
“There will have to be some fiscal space to kick-start the economy,” said Hector Torres, Geneva-based senior fellow at the Centre for International Governance Innovation. “I think that could come from the IMF.”