Inflation Casts Long Shadow as Argentina's Macri Tries to Fix Economy

Days into his presidency, Mauricio Macri faces his first big threats as he seeks to fix Argentina's ailing economy: inflation and recession. In his first policy moves since taking office on December 10, the free markets advocate made good on his promises to eliminate capital controls and cut hefty export taxes. But floating the peso triggered an immediate 26.5 percent devaluation and by making imported goods more expensive it will put further pressure on inflation, which already...

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