Bloomberg News

Argentina Subsidy Cuts to Aid Inflation Flight: Credit Suisse

November 02, 2011

Nov. 2 (Bloomberg) -- Argentina’s decision to eliminate some utility subsidies is “very positive news” and should help contain spending growth and fight inflation, Credit Suisse Group AG analyst Carola Sandy said in an e-mailed report.

“This is a relatively small amount -- just 0.1 percent of GDP -- but we think it is an important signal from the government,” Sandy wrote.

To contact the reporter on this story: Bill Faries in Buenos Aires at wfaries@bloomberg.net

To contact the editor responsible for this story: Robert Jameson at rjameson@bloomberg.net


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