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Montevideo, November 13th 2018 - 18:11 UTC

IMF estimates Argentina 2012 growth below government target but above private forecasts

Wednesday, October 10th 2012 - 09:07 UTC
Full article 36 comments

Argentina will grow 2.6% in 2012 according to the IMF latest World Economic Outlook, which is below the 3.4% estimated by President Cristina Fernandez administration for this year’s budget. Read full article

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  • Captain Poppy

    I'm supplying the darts.....anyone with a dartboard?

    Oct 10th, 2012 - 01:38 pm - Link - Report abuse 0
  • SusanBoyle_loves(a)yankee

    Captain Poppy daen't talk mince, aye. Better to sing and beh happy aye? Noohw, on yer bike.

    Where's that helfy yankee lad, eh?

    Oct 10th, 2012 - 02:42 pm - Link - Report abuse 0
  • Captain Poppy

    Now you are susanboyle sussie?....geeeez

    Oct 10th, 2012 - 03:35 pm - Link - Report abuse 0
  • ProRG_American

    Argentina will grow about 3.9% this year. About 5% in 2013.

    Oct 10th, 2012 - 04:13 pm - Link - Report abuse 0
  • Condorito

    Quite respectible growth rate for these tough times.

    Oct 10th, 2012 - 04:35 pm - Link - Report abuse 0
  • yankeeboy

    4. According to who? Argentina has been in recession since Nov 11 and it is just getting worse.
    You will not have positive growth next year. It is going to be bad, really really bad.
    Lots of Strikes and road cuts today,
    Is that the sign things are doing well?
    Psst...its not

    Oct 10th, 2012 - 04:42 pm - Link - Report abuse 0
  • Captain Poppy

    #4 sussie

    Then prorg_American woke up and said...shit !!!

    Oct 10th, 2012 - 04:59 pm - Link - Report abuse 0
  • Pirat-Hunter

    #6 lol sounds like you are talking from USA and Europe's point of view, both have had the worst economic times in recent history and we don't see the light at the end of the tunnel for them any time soon, if IMF was ever right about the stats of the economies, the world wouldn't be in the shape it's in today, for your information IMF stats are written up by a terrible weather man.

    Oct 10th, 2012 - 05:11 pm - Link - Report abuse 0
  • yankeeboy

    yeah looks really peaceful, everyone happy, rich, working together for a brighter country,
    You might want to looks past the burned out cars...

    http://tn.com.ar/politica/dia-de-cortes-y-protestas-en-el-pais_276129

    Oct 10th, 2012 - 05:30 pm - Link - Report abuse 0
  • Pirat-Hunter

    #9 if english people can look beyond executed civil servants I am sure Argentines can look past the burned out cars. Compared to US ambassadors being executed by demostrators in Libya! burning up cars is a past time in America during hockey and soccer cups. Even in Canada we burn up cars for fun while celebrating a cup victory, what are you trying to prove ???? First take the log of your own eye to better see the speck in my eye. Lol
    (A concurrent CIA memo obtained by The Associated Press cited intelligence suggesting the demonstrations in Benghazi “were spontaneously inspired by the protests at the US Embassy in Cairo” and “evolved into a direct assault” on the diplomatic posts by “extremists.”)
    When people around the world start executing Argentine civil servants we might listen to the english community until then we advise the USA and UK to fix their own problems before sticking their noses in Argentina.
    http://m.nypost.com/p/news/international/state_protest_says_ambassador_never_kLMmVIuzyc7Y68ChCCcn4M

    Oct 10th, 2012 - 05:58 pm - Link - Report abuse 0
  • Yuleno

    You'll be in Argentina next month yankeeboy.You can report how a year of recession in Argentina compares to a few years of recession in USA.
    But don't make it up from selected readings like you have made up Argentina's recession.

    Oct 10th, 2012 - 06:00 pm - Link - Report abuse 0
  • yankeeboy

    This looks like such a nice place maybe the tourist office should use it for marketing:

    http://tn.com.ar/envivo/especiales

    Is that fire I see in the streets of downtown BA?

    Oct 10th, 2012 - 06:10 pm - Link - Report abuse 0
  • Captain Poppy

    yulena.......been to the USA lately....of ever?

    Oct 10th, 2012 - 06:18 pm - Link - Report abuse 0
  • adorable

    @ 2 ....what is this?....
    jijiji... another name invented by Isolde...
    @3 Conqueror/Captain Poppy....
    I wish you could see me laughing when I read Mercopress ....jaaaaaaaaaaaaajaajaaaaaaaaaaaaaaaaaaa
    I told you this web site is the biggest collection of crap!
    jajaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaajaaaaaaaaaaaaaa!

    Oct 10th, 2012 - 06:24 pm - Link - Report abuse 0
  • yankeeboy

    Yul, Considering they are talking about how expensive milk and potatoes are at A HUGE PROTEST. It must not be as good as you think it is.

    BTW I have never in my life heard someone complaining how expensive milk and or potatoes are in the USA. NEVER.

    Maybe you should watch the link I posted so you know what is going on in your homeland.

    Oct 10th, 2012 - 06:40 pm - Link - Report abuse 0
  • Pirat-Hunter

    #12 Behold the log is in your eye. Fire in the streets of BS. AS. Not as good and fun as the fire and execution in benghazi, Libya.
    http://m.youtube.com/index?&desktop_uri=%2F#/watch?v=TmybuDexikM
    http://m.youtube.com/index?&desktop_uri=%2F#/watch?v=TmybuDexikM
    http://m.youtube.com/index?&desktop_uri=%2F#/watch?v=TmybuDexikM
    http://m.youtube.com/index?&desktop_uri=%2F#/watch?v=TmybuDexikM
    http://m.youtube.com/index?&desktop_uri=%2F#/watch?v=TmybuDexikM
    http://m.youtube.com/index?&desktop_uri=%2F#/watch?v=TmybuDexikM
    http://m.youtube.com/index?&desktop_uri=%2F#/watch?v=TmybuDexikM
    http://m.youtube.com/index?&desktop_uri=%2F#/watch?v=TmybuDexikM

    Oct 10th, 2012 - 06:41 pm - Link - Report abuse 0
  • Captain Poppy

    While it appeared that argentina managed to find an occassional few that would by their bonds, other then ANSES, at a rate of 18% and up. They have all but eliminated anyone ever being an RG bond now that they will only pay in toilet paper.....opps, I mean pesos. Toilet paper is the constitution.

    http://www.buenosairesherald.com/article/113831/all-bonds-under-national-regulation-should-be-paid-in-pesos

    Elsewhere in argentina“

    ”Buenos Aires province’s international bonds due 2015 plunged today after Vice Governor Gabriel Mariotto said that he supports the actions taken by Chaco. Yields surged 230 basis points to a two-month high of 20.18 percent. ”

    http://www.buenosairesherald.com/article/113831/all-bonds-under-national-regulation-should-be-paid-in-pesos

    Investors consider paying in pesos a selective debt defualt. The death fall has really just started, but where and when will it end?

    And on the humorist side of the news today:

    http://www.buenosairesherald.com/article/113831/all-bonds-under-national-regulation-should-be-paid-in-pesos

    Oct 10th, 2012 - 06:44 pm - Link - Report abuse 0
  • Ayayay

    http://la.racked.com/archives/2008/09/03/now_open_whole_foods_venice.php?skip_mobile_check=true

    http://la.racked.com/archives/2008/09/03/now_open_whole_foods_venice.php?skip_mobile_check=true

    http://la.racked.com/archives/2008/09/03/now_open_whole_foods_venice.php?skip_mobile_check=true

    http://la.racked.com/archives/2008/09/03/now_open_whole_foods_venice.php?skip_mobile_check=true

    http://la.racked.com/archives/2008/09/03/now_open_whole_foods_venice.php?skip_mobile_check=true

    Oct 10th, 2012 - 06:55 pm - Link - Report abuse 0
  • yankeeboy

    So another default and right at the 10 year mark! Way to go CFK!
    I wonder if the Rgs are smart enough to realize what happened today.
    Probably not

    Oct 10th, 2012 - 06:58 pm - Link - Report abuse 0
  • ProRG_American

    #7 aptain Poppy (#)

    Shusss! I'm American, I'm supposed to know everything.

    Oct 10th, 2012 - 08:23 pm - Link - Report abuse 0
  • Captain Poppy

    Exactly Yankee. Wall Street is calling it a selective defualt. She has no idea of the consequences she created. Not I heard that the CBOT is concerned about trading argentine commodities because of this “selective default”. They are expecting an major unlonding on RG bonds ov er th next couple of days. Forex is projecting the potential of a 15 to 1 exchange rate in 6 months time.

    Oct 10th, 2012 - 08:48 pm - Link - Report abuse 0
  • GastonBaires

    Hi Yankee Boy how is it going at the embassy in Buenos Aires?
    Say hi to the Ambassador Vilma Martinez!

    Oct 10th, 2012 - 08:49 pm - Link - Report abuse 0
  • yankeeboy

    I think 10/1 by Christmas and I hope all the Rg State and Prov workers know where to exchange Patacones.

    Oct 10th, 2012 - 08:59 pm - Link - Report abuse 0
  • Captain Poppy

    lol

    Oct 10th, 2012 - 09:10 pm - Link - Report abuse 0
  • Yuleno

    Oh dear so people think Argentina is having problems.But many of us know that the USA is having deep intractable difficulties.The next move is to strike trade agreements that will get more earnings elsewhere in the world as the USA can't get out of it on their own.Try Mongolia they have something to rob.Come to BA and forget your troubles.Visit your in laws you will be able to make your$ go further.

    Oct 10th, 2012 - 09:19 pm - Link - Report abuse 0
  • Ayayay

    Hey, do you think the Roman Catholic empire has any of Argentina's gold?

    Oct 10th, 2012 - 11:05 pm - Link - Report abuse 0
  • Captain Poppy

    USA has economic problems for sure. However, their armed forces are not striking, investors are not seizing government assets, we pay back all our debts, we do not consider someone can live off $2.25 U$ a day to eat, we,ve never stolen our citizens private pension money, we've never taken over a private enterprise for the purpose of seizing profits, and most importantly....Americans can invest their money in any currency they so desire without asking permission.

    Oct 10th, 2012 - 11:52 pm - Link - Report abuse 0
  • mastershakejb

    Put it into perspective there, Captain Poppy.
    And don't forget, the thing that Argentine gov is DESPERATE for, the US Dollar, is controlled by USA. The thing Cristina and her gov wants so desperately that they've made it illegal to even acquire it unless you're Cristina or one of her cronies.

    Oct 11th, 2012 - 06:05 am - Link - Report abuse 0
  • Also Add

    To add even a bit more perspective:
    US 10 year yield: ~1.75 percent
    Argentina 10 year yield : over 20 percent
    I'm sure these Argie trolls will first have to look up what yield is and what it signifies, but lemme put it into layman's terms for them; it means global investors TRUST the US Dollar, economy, central bank, and have NO trust in Argentine Peso, economy, central bank.

    Oct 11th, 2012 - 06:13 am - Link - Report abuse 0
  • Yuleno

    29#
    USA trade deficit widens to 44bn and I'm sure of that.Are they printing money or borrowing it ?

    Oct 11th, 2012 - 12:54 pm - Link - Report abuse 0
  • Captain Poppy

    here yulena, I guess you did not read this:

    USA has economic problems for sure. However, their armed forces are not striking, investors are not seizing government assets, we pay back all our debts, we do not consider someone can live off $2.25 U$ a day to eat, we,ve never stolen our citizens private pension money, we've never taken over a private enterprise for the purpose of seizing profits, and most importantly....Americans can invest their money in any currency they so desire without asking permission.
    Until the United States defualts.....we will never be as bad as argentina....period.

    Oct 11th, 2012 - 03:36 pm - Link - Report abuse 0
  • mastershakejb

    lol, these “trolls” learned English (albeit little) because they know there's no money/success in Spanish

    Oct 11th, 2012 - 07:56 pm - Link - Report abuse 0
  • Yuleno

    Why do I need to read that bit of brochure talk poppy. Does it have some particular significance.Is the US economy suddenly going to grow dramatically and save the northern world from cuts and recession,leaving the south worse off.Its more likely that when in the future it begins to grow and the costs to profit ratio has been adjusted,the Southern Hemisphere will return to double digit growth.
    Romney and recession or O'Bhama and tax , poppy!
    Mr shakerleg,you need to find something to say.You're sounding lonely in your depressed world.Try smiling and writing,there's a good fellow.

    Oct 11th, 2012 - 09:45 pm - Link - Report abuse 0
  • Captain Poppy

    Costs to profit ratio of what? What makes you a stupid jungle bunny is that you think you need 10% growth (and ignores the 25% inflation) for the US economy. 3 to 5 % is considered a good stable growth, but they don't teach that in your tribe now do they yulena. USA doesn't have roller coaster cycles like the tribes in south america. Brazil is the only non tribal jungle there that has a small grasp of what to do.
    Again when the USA fails and falls on its face like agentina, you can talk all the shit you want, when you've been here to speak from experience...you can talk all the jungle bunny talk you want. Here's a banana, go back up your tree.

    Oct 11th, 2012 - 10:46 pm - Link - Report abuse 0
  • mastershakejb

    Actually I don't think even Brazil knows what they're doing either. They're lucky they've got so much oil, but I don't know if even that can save them from their own constant mismanagement.
    Uruguay's the freest of the SA countries, but maybe a little TOO free and socialist.
    Chile's the country with what history will probly show to be the most stable upward trajectory in SA.
    AND TO THE JEALOUS ARGIES WHO ARE SO HUNGRY AND DESPERATE FOR US DOLLARS: USA STILL HAS AT LEAST 20 YEARS LEFT OF BEING THE WORLD RESERVE CURRENCY. AND AT LEAST 40 YEARS LEFT OF BEING THE DOMINANT MILITARY POWER IN THE WORLD. SO THAT'S AT LEAST 40 MORE YEARS OF BEING #1 SUPERPOWER

    Oct 12th, 2012 - 12:13 am - Link - Report abuse 0
  • British_Kirchnerist

    So now even the IMF pulls the rug out from under the biased opposition figures - loving it =)

    #6 Condorito is no cyberK, yankee, just a far more honourable and reasonable conservative than you...

    Oct 19th, 2012 - 11:04 pm - Link - Report abuse 0

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