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The Incredible Sinking Argentina
The Buenos Aires stock exchange had never experienced anything like the 48% plunge it took on Aug. 12.
16 Aug 2019, 03:00 PM IST
(Bloomberg Businessweek) -- Over the last 70 years, Argentina has endured hyperinflation, government collapse, and the world’s largest sovereign debt default. It’s spent a third of that time in recession, a record that almost deserves its own chapter in economic textbooks.
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