Ever since a 2018 currency crisis forced Argentina to seek out a $57 billion bailout from the International Monetary Fund, Latin America’s third largest economy has been mired in financial turmoil. Now, the country is desperately trying to fend off a messy sovereign debt default which could occur as early as next month. Argentina’s equity market hasn’t fully priced in the risk of default, it seems.
Related ETF: Global X MSCI Argentina ETF (ARGT)
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