MercoPress. South Atlantic News Agency
Argentine economic activity expands 11.1% in June over a year ago
Argentina’s economic activity expanded 11.1% last June compared to the same month a year ago, anticipated President Cristina Fernandez de Kirchner during the celebration of the 126th anniversary of the Rosario Chamber of Commerce. Read full article
Comments
Disclaimer & comment rulesI guess the only bad thing about a 10% growth is that every british will come trash Argentina for doing good and try to tell us how things can be done better.
Aug 19th, 2010 - 04:25 am - Link - Report abuse 0Laugh..and of course her gang like che idiot avargas believes this “wonderful” news. Amazing how well you can do with manipulating numbers (hedonic economics=bogus)...
Aug 19th, 2010 - 05:23 am - Link - Report abuse 0http://www.meattradenewsdaily.co.uk/news/080610/argentina___real_inflation_runnning_at_.aspx
11.1% is very good ... but 11.1% of what?
Aug 19th, 2010 - 05:52 am - Link - Report abuse 0Some Pearls of this article.....
Aug 19th, 2010 - 06:08 am - Link - Report abuse 0The scenario was confirmed by credit-markets showing that Argentina’s debt is less risky than Greece for the first time in seven weeks as the country’s economy is set to grow at the fastest pace since 1992.
Argentine credit risk is estimated to remain below Greece as surging commodity exports boost tax revenue according to Wells Fargo & Co.
Argentina’s economy is forecast to grow 9.7% this year by Morgan Stanley, the fastest in the region.
Furthermore Argentina’s budget deficit will equal 0.1% of GDP this year, according to Morgan Stanley, which revised its estimate lower from 1% earlier in the month.
A record 55 million-ton soybean harvest helped the central bank boost reserves to an all-time high of 51.1 billion US dollars in July and pushed tax revenue 39% higher in June from a year earlier to 37.3 billion pesos.
Incredible how Cristina Kirchner manages to manipulate the International Banks and Credit Markets...... :-)
They must be very dumb.........
Or could it be that things are going her way........?
http://en.mercopress.com/2010/08/16/argentina-official-july-inflation-0.8-private-sector-and-unions-1.9
Aug 19th, 2010 - 11:16 am - Link - Report abuse 0Statistics, eh?
Another confirmation the economy is overheating but they don't care. I guess CFK figures she can sustain the gains until the next election and then let it crash. Although that didn't work out too well for the last President who tried.
Aug 19th, 2010 - 11:25 am - Link - Report abuse 0Unless smoking and drinking mate is increasing productivity I don't think it is a true indication of how well the economy is performing.
Nice to see they are using Greece as an example of how well Argentina is doing. HAHAHAHA
Yea all british here must be right that Morgan Stanley is cooking up a lie for us, just like the ”Rockhooper oil drilling program who are profiting from share holders that bought for large amounts of money nothing but a paper with no value on illegal concetion, what else can we expect they are all brits ? you are all right, this is the reason british are a pest everywhere they go.
Aug 19th, 2010 - 03:52 pm - Link - Report abuse 0Oh look, an irrelevant person from an irrelevant nation said something.
Aug 19th, 2010 - 04:43 pm - Link - Report abuse 0Relevante nations like yours made other type of numbers:
Aug 19th, 2010 - 05:33 pm - Link - Report abuse 0http://icasualties.org/Iraq/IraqiDeaths.aspx
without counting the children dead from medicines boycott before the invasion.
Your childish hate against Argentina sometimes puts me angry.
´for u ´ccuse me, take a look ´n ´rself ... EClapton
Argentina's economy getting better every day, UK....well
Aug 19th, 2010 - 05:45 pm - Link - Report abuse 0http://www.telegraph.co.uk/finance/economics/7953145/Economy-is-on-a-knife-edge-warn-Bank-of-England-policymakers.html
Marco, Argentina's economy would not have to grow to double it's size to match the UK's, Argentina's economy would have to grow a full seven times to even match the UK's.
Aug 19th, 2010 - 07:34 pm - Link - Report abuse 0british ambassador shan morgan and the EU could hardly consider Argentina irrelevant, my dear british subjects.
Aug 19th, 2010 - 07:45 pm - Link - Report abuse 0http://en.mercopress.com/2010/08/17/argentina-uk-relation-must-go-beyond-the-falklands-malvinas-conflict
No, gassy, you are soooooooo desperate for justification. Typical ambassadorial statement. What it means is that Britain and Argentina (and the Falkland Islands) could get along well - if only Argentines weren't so friggin' stupid!!
Aug 19th, 2010 - 08:28 pm - Link - Report abuse 0I consider very stupid to spend my time in office wasting visits where I know I will not be welcome, in any case I think britain should deal with Islas Malvinas issue if we are going to move on to really important issues, untill then I think british official are wasting their time, Argentina and britain can both survive without eachother, we speak spanish there is a major cultural gap, I am an Argentine Citizen you are a british subject, you are mad at the conflicting statistical reports of morgan stanley and the mercopress quote of a irrelevant stupid Argentine “Private economists and politicians including Vice President Julio Cobos who have questioned the government data”, someone not too popular in the Argentine congress, and I am pist at brits for having such a single minded opressive monolog in regards to every Argentine issue.
Aug 19th, 2010 - 09:40 pm - Link - Report abuse 0http://www.buenosairesherald.com/BreakingNews/View/30560
Then you can carry on being pissed. Nothing is going to change.
Aug 19th, 2010 - 10:06 pm - Link - Report abuse 0@zethe
Aug 19th, 2010 - 10:30 pm - Link - Report abuse 0“Marco, Argentina's economy would not have to grow to double it's size to match the UK's, Argentina's economy would have to grow a full seven times to even match the UK's.”
Haha very funny you forgot 11 trillions dollar debt.
The only think that grows in UKI for more than 20 years is debt and poverty mate.
I have not forgot nico, and i'll say again, the UK has been in MUCH worse situations than this before, and we have always pulled through. And we will again.
Aug 19th, 2010 - 11:34 pm - Link - Report abuse 0We will make drastic cuts for the next 7 years or so, and it's opur responcibility to do so. At the end of it we are still going to be within the worlds top ten economically and militaristic powers in the world.
Your nation can't compare.
zethe, You guys are sinking faster than the Titanic
Aug 20th, 2010 - 12:51 am - Link - Report abuse 0http://www.telegraph.co.uk/news/newstopics/politics/defence/7931465/RAF-to-shrink-to-World-War-One-levels.html
The raf is shrinking to world war one levels, ok. You know, we did fight a WORLD WAR with an raf that size. The second most bloody conflict in history.
Aug 20th, 2010 - 01:49 am - Link - Report abuse 0What the Argentinians don't understand about the US and UK is that we see what is coming and will to take the steps to fix it. We don't default on our debt and steal from the rest of the world like they did and will do again. We also have the will and know how to get whatever we want done. They don't. They don't even know where to begin.
Aug 20th, 2010 - 11:41 am - Link - Report abuse 0Our standard of living has been increasing for 200 years theirs has been falling over the last 60 years. It is a huge difference but they don't want to see the facts or admit the patterns. It must be an arrogance, a stupidity or just plain embarrassment that allows this kind of “reasoning”.
Good news!!! I hope we continue this path without listening to some international idiots like Nicholas who could't avoid a huge crisis on his own sh**ty country. LOL
Aug 20th, 2010 - 02:07 pm - Link - Report abuse 0At last! Shelob appears again!!
Aug 20th, 2010 - 02:33 pm - Link - Report abuse 0FREDBDC:
Aug 20th, 2010 - 11:41 pm - Link - Report abuse 0You are absolutly right, your country allways see what is coming, and takes the steps to fix it, that's why last crisis didn't prejudice your economy very much, please, what your idiot resentment and haughtyness does not let you see is that you are wrong, you wont never recognize it, you will prefer to shoot your balls before recognize that you were wrong, for resentfull people like you it's very easy to criticise another country, with out making a deep analisis of your own situation.
Anyway you are right when you say that in this country there is not any continuation of the policys betwen diferent governments, that's our bigest fail.
Finally time is allways on your side like you say, that's why all what you, and all the rest of rediculus gurus predicted for my country really happened, you should be our minister of economy.
@ fredbdc
Aug 21st, 2010 - 06:37 am - Link - Report abuse 0Haha Fred has not idea of the poor state of the US economy and don’t mention Zethe living in fantasy land.
You will need 30 years to fix your economy and nothing will guarantee you will be back tothe state of 2007 previous situation.
Fed can’t fix broken economy, politics
http://blogs.reuters.com/great-debate/2010/08/12/fed-cant-fix-broken-economy-politics/
20 Reasons Why The U.S. Economy Is Dying And Is Simply Not Going To Recover
http://blogs.reuters.com/great-debate/2010/08/12/fed-cant-fix-broken-economy-politics/
http://blogs.reuters.com/great-debate/2010/08/12/fed-cant-fix-broken-economy-politics/
2010 Will Be Worse, The year 2010 is likely to be the pivotal year where pundits stop referring to the recession and begin openly talking about a depression
http://blogs.reuters.com/great-debate/2010/08/12/fed-cant-fix-broken-economy-politics/
I don’t see any sign of what you say instead I see Argentina 50 years style falling but you are going faster.
http://www.cronica.com.ar/diario/2010/08/16/40143-nace-una-nueva-villa-en-capital-federal.html
Aug 21st, 2010 - 11:42 am - Link - Report abuse 0Argentinian Prosperity New Slum in Buenos Aires a subdivision of poverty growing in the shadows of Retiro. I thought your economy was doing so well?
FREDBDC.
Aug 22nd, 2010 - 11:31 pm - Link - Report abuse 0It seems that the only one thing you know how to do, is to launch shit.
No one denys that my country has serious problems, we have a 23% of poor people, wich is a lot, but tha porcentage was 53% in 2003, i already told it to you in many oportunitys, but as usuall the hate and resentment that you feel for argentina (the country of your wife), only lets you see the bad side of our culture, and our terrible problems.
What cronica says is true, anyway that newspaper is very sensationalist, it had blood in all it's pages, it's shamefull.
@fredbdc
Aug 23rd, 2010 - 08:58 am - Link - Report abuse 0You always show the same Shantytown villa 31
But what about yours they reproduce like rabbits
http://www.youtube.com/watch?v=9N6npQzqwcU&feature=related
http://www.youtube.com/watch?v=9N6npQzqwcU&feature=related
http://www.youtube.com/watch?v=9N6npQzqwcU&feature=related
http://www.youtube.com/watch?v=9N6npQzqwcU&feature=related
http://www.youtube.com/watch?v=9N6npQzqwcU&feature=related
http://www.youtube.com/watch?v=9N6npQzqwcU&feature=related
http://www.youtube.com/watch?v=9N6npQzqwcU&feature=related
http://www.youtube.com/watch?v=9N6npQzqwcU&feature=related
http://www.youtube.com/watch?v=9N6npQzqwcU&feature=related
http://www.youtube.com/watch?v=9N6npQzqwcU&feature=related
30 millions Americans using food stamps
http://www.youtube.com/watch?v=9N6npQzqwcU&feature=related
http://www.youtube.com/watch?v=9N6npQzqwcU&feature=related
What can I say US is turning into a big shantytown.
Idiot Axel: we have a 23% of poor people
Aug 24th, 2010 - 07:47 pm - Link - Report abuse 0Liar...we all know that it's 40%.
Even Jihad Jorge knows that, but will never admit that.
LONG LIVE ARGENTINA, LAND OF IDIOTS....LAUGH
Moron NICHOLAS:
Aug 24th, 2010 - 08:06 pm - Link - Report abuse 0The 40% that you mean, was published by the uca (catolic university from argentina), it's the only one stadistic that holds that poverty in argentina is of 40%, actually it's manipulated according to the church's orders, all the rest of the stadistics hold that the povery is betwen 23%, and 33%, our indec says that it's 13%, but i dont believe in absolut on it's manipulated indexes.
If you would know really about our reality, you would not parrot all the crap that you like to say all the time.
@ Nicholas
Aug 25th, 2010 - 06:33 am - Link - Report abuse 040% haha this figure is from 2001 in the worst of the recession/depression when the GDP shrunk 11%.
The land of Idiot is doing pretty well thank for you concern.
And by the way our rate of poverty now is 13% the rest are political appreciation.
Church, think tanks, etc have not infrastructure, capability, know how to conduct serious surveys or statistics.
You don’t have to waste your time on Argentina if you want to see poverty, misery and shantytowns just make a little walk around US big cities.
Next year US is going to be Africa so why not concentrate in your own business?
Interesting documentary about the evolution of your debt here in 2008 your debt was 8.8 trillions
http://www.youtube.com/watch?v=O_TjBNjc9Bo&feature=related
And here you actual debt numbers, now your external debt is... let me see 13,69 trillions and growing faster http://www.youtube.com/watch?v=O_TjBNjc9Bo&feature=related
Nicholas you are a broke country living a fantasy life by borrowing like crazy you are not a rich country anymore else a debt making county.
Everything you take for granted today will be gone.
Sorry this is your future and someone has to tell you.
Greetings from the land of Che Idiots ready to dump your currency any time soon : )
“www.cronica.com.ar/diario/2010/08/16/40143-nace-una-nueva-villa-en-capital-federal.html
Aug 26th, 2010 - 06:24 am - Link - Report abuse 0Argentinian Prosperity New Slum in Buenos Aires a subdivision of poverty growing in the shadows of Retiro. I thought your economy was doing so well”
I'd rather close the frontiers in orden to avoid those immigrants living there (the same way US works (?) )......
50% OF PEOPLE LIVING THERE ARE IMMIGRANTS
Commenting for this story is now closed.
If you have a Facebook account, become a fan and comment on our Facebook Page!