Looking at the numbers, there is no reason for Argentina President Mauricio Macri to be cheerful. The neoliberal head of state has just a few months remaining in his term and seems to be on his way out, with little to shout about from his three and a half years in charge.
Seeing no realistic possibility of re-election—after being crushed in primary elections by Kirchnerist candidate Alberto Fernández—Mr. Macri’s economy keeps shrinking. With a 54.5 percent inflation rate in the last 12 months—even higher than 2018’s record of 47.6 percent—2019 is on its way to be a tragic moment of...
