Even as Argentina’s prices accelerate at one of the highest rates in the world, the country is far from a situation where it would spiral into hyperinflation, former Chief Debt Negotiator Daniel Marx said in an interview last week.
Marx, who will be joining incoming Economy Minister Sergio Massa in an advisory role at the ministry’s markets and debt committee, said Argentina is far from the dreaded scenario despite annual inflation seen reaching 90% by the end of the year. Comparisons to the nation’s last bout of hyperinflation in 1989 and 1990 are not entirely useful because its politics were starkly different as it left a period of military rule and democratic institutions were still weak, Marx added.
