IMF will use private and provincial data to gauge Argentine economy

Thursday, September 22nd 2011 - 08:36 UTC

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The International Monetary Fund will use estimates from the private sector and provincial governments to measure economic growth and inflation in Argentina, underscoring the IMF distrust of official data. Read full article

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Interesting.
I thought Argentina was doing well and was about to start paying off its massive debts.
Perhaps Brazil will help out? What's your take on this tits?
Sep 22nd, 2011 - 03:34 pm - Link - Report abuse 0
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GeoffWard2
It makes obvious sense.
Any nation might try to minimise its difficulties in order to maintain international confidence and investment, whilst, at the same time, puffing its statistics and supressing alternative statistics.
Argentina has observably done this more than most, and with a view to winning IMF support.
The trouble is, there is a track record of default with the IMF and other international lenders.
So it should be no surprise that the IMF intends to take third-party statistics - it is just the prudent thing to do when it comes to lending Argentina the wherewithal to get out of its hole using other people's money.
Let's hope it is enough because, should Argentina implode, the suffering of the nation will be a pitiable sight for many years into the future.
Sep 22nd, 2011 - 08:37 pm - Link - Report abuse 0
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