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Close to Default, Argentina Braces Itself for Historic Recession

RIO DE JANEIRO, BRAZIL - Even without the coronavirus pandemic, Argentina's economy would not have had an easy year.

Argentinians were heading toward their third recession year and were facing galloping inflation, fiscal crisis, and a lack of access to the international credit market, when they were forced to confront the challenge of Covid-19. Now, the country is heading for the worst economic moment of the past 20 years.

Yesterday, Argentina announced that . . .

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