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Argentina’s economic crisis could dampen the re-election prospects of President Mauricio Macri and its gas sector.
Presidential elections are due to be held in Argentina in October, but the timing could not be worse for Macri as the country is in recession. Argentina’s economy entered recession in Q3 2018, when the country’s GDP contracted by 0.7% on a quarterly basis. The International Monetary Fund (IMF) expects Argentina’s economy to have shrunk by 2.6% on an annual basis in 2018 as a whole and forecasts a contraction...
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