💨 Abstract

Economist Alejandro Kowalzuk discussed the economic impact of a U.S. court ruling against Argentina over the expropriation of YPF. He stated that the $16 billion demanded far exceeds the value of the 51% of YPF's shares taken in guarantee, leaving Argentina in a losing position whether it accepts or appeals the ruling. The ruling also affected other Argentine stocks. Kowalzuk acknowledged positive economic growth of 1.9%

Courtesy: WTOP Staff