End of ‘Kirchnerismo’ could unlock Argentina’s potential

With mid-term elections approaching and Cristina Fernàndez’s hold on power seemingly slipping,some are betting on Argentina’s economy to roar back. This is premature – in fact, in the near term,a more uncertain policy environment will only increase the risks of a crisis. But assuming that the2015 elections return a more orthodox government, we think that a few small fixes could stabilisethe economy and perhaps lift potential growth to 4.5-5.0%, from 3.0% or so currently.