Macroeconomy/Finance

The weakness of the real complicates Argentina

So far in 2020, Brazil was the G-20 country whose currency depreciated the most against the dollar: the real dropped by about 25% in the year. This situation may add a new problem to the Argentine economy, since the devaluation of the neighbouring country reduces the competitiveness of local goods, precisely against the essential partner.

Source: Ámbito

Categories: Macroeconomy/Finance