MercoPress. South Atlantic News Agency
Argentina’s trade surplus down 40% in July; unemployment fell to 7.2%
Argentina's trade surplus shrank by 40% in July from a year earlier as surging fuel and auto imports increased pressure on President Cristina Fernandez government's system of currency controls. However the unemployment rate in the second quarter fell to 7.2% according to official data. Read full article
Comments
Disclaimer & comment rulesLooks like they have dropped a zero of the Peso note. Oh dear.
Aug 22nd, 2013 - 04:20 am - Link - Report abuse 0Toodle Pip
Mercantilism failed at every turn of the wheel. It's really sad how the K's retried a concept that historically never worked and are calling it “progressive”.
Aug 22nd, 2013 - 07:16 am - Link - Report abuse 0How can the unemployment rate be any lower if a significant portion of the potential workforce are paid to remain unemployed?
Trade surplus down 40%, unemployment down to 7.2%, pigs flying, and Satan is skating to work!
Aug 22nd, 2013 - 08:40 am - Link - Report abuse 0Wow!
2 Optimus_Princeps (#)
Aug 22nd, 2013 - 09:29 am - Link - Report abuse 0Aug 22nd, 2013 - 07:16 am
Optimus: Of course the unemployment figures are a lie as usual. What they really reflect is that people who had been put on the “white” have now gone back to being on the “black”!!!!!!!!!!
Just as an example 2.433 people lost their jobs in Puerto Madryn due to the closing down of fishing PyMES. The regional economies are in such a mess that I would guess unemployment is actually up to around 20%!!!!!!!!
Are we to expect unemployment figures to get close to 5% when getting close to the election?
Aug 22nd, 2013 - 10:03 am - Link - Report abuse 0What next from the comedy club?
@4 So, if the usual INDEC “statistical inaccuracies” are anything to go by, the trade surplus was actually down 70-80% and unemployment “fell” up to 15-20%. Getting the hang of this now. I'm surprised that the IMF don't “accept” INDEC's figures. After all, it's only necessary to halve any thing said to be getting better and double anything “admitted” to be worse. Surely it can't be long before they claim argieland to be the richest place on the planet. I can just imagine it. “In BA, everyone has a Cadillac.” A “Cadillac” being a plank of wood, two axles, four wheels, a crate, a length of string and a “Cadillac” badge stolen from someone else's vehicle.
Aug 22nd, 2013 - 10:53 am - Link - Report abuse 0@6
Aug 22nd, 2013 - 11:44 am - Link - Report abuse 0That explains some of the crap you see with argie plates on Uruguayan roads.
@4 I'm fully aware that the statistics are as inaccurate as if they were invented by rolling a set of dice. The unemployment rate is at least double in some providences, maybe even triple in certain localities.
Aug 22nd, 2013 - 03:05 pm - Link - Report abuse 0If there are any statistics I'm interested in, it's the crime statistics. Threats of physical violence do have an economic effect. It prompts people to hoard valuables in order to keep them from falling into the hands of a heavy handed government. There are historical accounts of this going back the feudal ages.
@8
Aug 23rd, 2013 - 10:14 am - Link - Report abuse 0Surely you are not suggesting there is crime in Argentina. Everything is rosey and perfect don't you know. Low inflation, low unemployment, honest politicians and a well armed defence force. Perfect!
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