Argentina's week just went from bad to worse. Already brokenhearted over losing the Copa America final and the shocking retirement of the country's darling Lionel Messi, crowned the world's best soccer player, Argentines got more bad news Wednesday: The economy is barely growing and could be headed for a recession in 2016.
Argentina's economy, the second largest in South America, only grew 0.5% in the first quarter this year compared to the same period a year ago.
As dismal as the number was, expectations were for worse because the economy struggling in many respects.
Earlier in June, new numbers showed that inflation had risen 40% in May on an annualized basis. "We are clearly at an inflection .... Read More
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