MercoPress. South Atlantic News Agency
Argentina’s 2008/09 crop exports forecasted to drop 56%
Argentina’s cereals and oil seeds exports are forecasted to drop to 13.8 billion US dollars in this 2008/09 crop which means 56% less compared to the 31.9 billion of the 2007/08 crop according to a paper from the Argentine Agrarian Federation, FAA. Read full article
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Disclaimer & comment rulesOfficial product inflation in Argentina is 10% but real product inflation is 22%.
May 07th, 2009 - 02:02 am - Link - Report abuse 0The Argentinean government does not only fake inflation values but also unemployment rate values.
When they say 7% of unemployment it means that the real value is about 12%.
Since the global economy right now cannot help any first nor third world country, and also Argentinean presidents keep heavy-taxing exports, companies are really having a hard time employing people and selling products outside the country which is one of the main reasons that Argentinean unemployment is always high and growing.
The last but not least reason that unemployment will keep rising in Argentina is because presidents of Argentina are rising minimal wages to a point that a company cannot hire more than a half of people that the company really needs because they don't have all that money to waste in unskilled labor force such as the Argentinean one.
So instead of hiring 2000 employees they hire 500 and make them work like they were 2000 so you have 1500 more unemployed people with no earnings at all and 500 people that are always super busy and get a first world country wage...
But i bet that those 500 employed ones don't share their salary with the other 1500 unemployed people...
Argentina used to be the riches country in Latin America. Now it's already becoming one of the poorest not only in Latin America but also in the whole World.
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