MercoPress. South Atlantic News Agency
Argentina’s economy expanded 9.1% in the second quarter, according to Indec
Argentina's economy grew 9.1% in the second quarter from a year earlier, the national statistics agency, Indec, reported Friday. Read full article
Comments
Disclaimer & comment rulesAnd according to Indec, there will be 31 days this September :-)
Sep 17th, 2011 - 09:24 am - Link - Report abuse 0Indec:
Sep 17th, 2011 - 05:00 pm - Link - Report abuse 09% inflation and 9% economic expansion = 0% real economic expansion
Morgan Stanley, etc:
23% inflation and 5.9% economic expansion = minus17% real economic expansion.
You can argue about the math, but
what is a negative expansion called? . . . collapse? . . . recession? . . . black hole? . .
Geoff are you trying to be funny or something?
Sep 17th, 2011 - 05:54 pm - Link - Report abuse 0http://www.indexmundi.com/argentina/gdp_per_capita_(ppp).html
That's why they use PPP. its not affected by exchange rates so much.
2003 8796.969 10.26 %
2004 9749.906 10.83 %
2005 10859.92 11.38 %
2006 12044.9 10.91 %
2007 13338.71 10.74 %
2008 14412.84 8.05 %
2009 14524.27 0.77 %
2010 15854.37 9.16 %
This is pretty good actually. 10% growth almost every year.
Try Purchasing Power Parity (PPP),
Sep 17th, 2011 - 07:25 pm - Link - Report abuse 0it is powerfully affected by exchange rate, as it is a measure of long-term equilibrium exchange rates based on relative price levels of two countries - in this case against an international benchmark, typically the USA.
If this is indeed the case, then a country with high inflation will show badly over the years of inflation when compared to a country with lower (or negative) level of inflation.
It's worth mentioning that there can be marked differences between purchasing power adjusted incomes and those converted via market exchange rates, eg. Denmark's nominal GDP per capita is around US$62,100, but its PPP figure is only US$37,304.
I hope this makes some sense to you; I am a 'babe in arms' in such matters.
But it seems to me that where inflation massively outstrips economic expansion - especially low-added-value expansion (eg Soy, cerials & ore), the claims for advancement of the country are an exercise in self-delusion.
lol Geoff why you hate Argentina so much.
Sep 17th, 2011 - 10:44 pm - Link - Report abuse 0They have potential, please let them grow. They are a little bit left behind but they deserve better.
Also some regions like Patagonia are developed already. so they know how to do it.
please don't underestimate Argentina.
lol :-)
Sep 18th, 2011 - 12:35 am - Link - Report abuse 0No hate for Argentina; just hate for lies, etc.
#5 People have been thinking there has been potential in Argentina for 300 years. Every time she gets a break it is squandered. The last break came in 20001 when the economy was shattered at that time the country could have done what was necessary to make it great. Unfortunately it took the wrong path, again, the one they have taken for the last 60 yrs and are on the road to doom.
Sep 18th, 2011 - 12:57 pm - Link - Report abuse 0Ask yourself one simple question, why won't the gov't let the IMF audit it's books? It is required to be a member of the IMF/World Bank/IDB/G20 and by treaty for a host of other organizations. The books are cooked, you are in constructive default of the CER bonds, poverty is high and the peso is failing. At some point ARG will be required to submit to the audit or face expulsion from the world's banks ( then you can't trade). It is just a matter of time and they are probably waiting until after the next election so as to appear non-partisan. It is going to get ugly there very very soon. If you live there you should prepare.
ok im ready
Sep 18th, 2011 - 01:37 pm - Link - Report abuse 0If it is so bad why people are voting her again and again.
Who should i trust? all these negativity in this site.
People are voting for CFK because she has been very generous with other peoples money. Do you remember Anses, are there any hard assets left have they been replaced with worthless Arg bonds? I think the same goes for Banco Nation they used to have hard currency reserves but they're all gone now.
Sep 18th, 2011 - 11:05 pm - Link - Report abuse 0Poor people are generally dumb and look for gov't handouts and/or outright bribes. I heard the last prelim vote the going rate was $100 pesos per vote. Weren't the Ks giving spits and refrigerators last go around?
We were having the same problem here with Obama thank goodness the opposition party stopped him from bankrupting the country. It is too bad your opposition is just another form of Peronista.
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