MercoPress. South Atlantic News Agency
Argentine economy expands 5.5% in January but activity index is down 0.4% over December
The Argentine economy grew 5.5% in January compared to the same month last year, according to a release from the Indec national statistics bureau. Official data also reported that the monthly economic activity index (EMAE) fell 0.4% against the previous month. Read full article
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Disclaimer & comment rulesAnd in other official absolutely-honest news from Argentinian sources: Timerman is a member of MENSA and KFC's face is 100% natural human.
Mar 27th, 2012 - 03:50 am - Link - Report abuse 0very good growth
Mar 27th, 2012 - 07:43 am - Link - Report abuse 0the growth in EU is almost zero. and USA 1% or 2%.
“The Argentine economy grew 5.5% in January compared to the same month last year, according to a release from the INDEC national statistics bureau.”
Mar 27th, 2012 - 08:54 am - Link - Report abuse 0FFFFFFFFFFWFWWWFFFFFFFFFTTTTFTFFFFFFF WHAT?
Why are folks reporting figures from serial institutional prevaricators INDEC whose figures haven't been used by any serious journal in years?
“The result was slightly lower than the 5.8% median estimate of more than 50 banks, economic research firms and universities surveyed by the Central Bank of Argentina.” WHHHWHWHWHAHAHAAT?
NOW THEY'RE QUOTING THE CENTRAL BANK OF ARGENTINA!??
can folks stick to statistical data from unbiased sources next time?
INDEC - LOL. Thats all.
Mar 27th, 2012 - 10:54 am - Link - Report abuse 0Funny that with such huge growth it is not shown in the tax collections. They have been and are running a HUGE deficit, I wonder why? I can't imagine these figures would be incorrect.
Mar 27th, 2012 - 12:21 pm - Link - Report abuse 0hahaha
@5 They'd be incorrect because the figures INDEC produces are complete bollox.
Mar 27th, 2012 - 01:28 pm - Link - Report abuse 0Inflation .... its all a huge bubble.
Mar 27th, 2012 - 03:05 pm - Link - Report abuse 0its not a bubble if the debt is getting smaller.
Mar 27th, 2012 - 08:13 pm - Link - Report abuse 039% public debt and going down
36% external debt only
http://www.usdebtclock.org/world-debt-clock.html
@8 Are those more INDEC statistics? You know INDEC isn't trusted by anyone in the world, not even the KFC government?
Mar 27th, 2012 - 09:09 pm - Link - Report abuse 0Look, say what you want about CFK, the one thing no one can take away from the Kirchners is that they did take Argentina from debt of 140% of GDP to 40%. By the “hardball restructuring” of 70 billion, by paying off the World Bank/IMF to the tune of 20 billion total, by not taking any debt (not that they can in practice, but even if they could have I actually do believe they would have avoided it because it was a pillar of their campaign), etc.
Mar 27th, 2012 - 09:57 pm - Link - Report abuse 0Say everything else about their economic policy. Unless people here are going to argue that “high foreign debt is good”.
@10 When you say “hardball restructuring” you mean simple theft. Argentina defaulted on U$81 billion, failed to recognise the u$20 Billion in interest and replaced their bonds with new ones worth U$0.35 to every dollar. Now in the USA they're refusing to pay again, on bonds sold through the SEC.
Mar 27th, 2012 - 10:17 pm - Link - Report abuse 0It's normal for them, they sign up for something, then they renege on that.
Theft? So bankrupcy is theft? Interesting.
Mar 27th, 2012 - 10:50 pm - Link - Report abuse 0Sorry, try again. Wrong answer.
@12 I guess you never heard of a debtors prison, debt-slavery or in the middle east where not paying your debts gets you prison time.
Mar 27th, 2012 - 11:25 pm - Link - Report abuse 0Accepting debt under the auspices that you're not going to pay it back in full is fraud, and as such theft.
Get over it, the ICSID and USA didn't.
12. “hard ball restructuring” are you kidding me!? They unilaterally reduced the value of the bonds with no negotiations. Why do you think Argentina is a financial pariah? Why do you think your reserves are in danger of being confiscated for payment of judgement? If it was a legal restructuring there were not be recognized holdouts.
Mar 28th, 2012 - 12:04 am - Link - Report abuse 0Nestor paid off the IMF so they wouldn't audit the books. Do you think your GDP, Inflation, Poverty numbers are accurate? Let's see what happens when Arg is forced by the IMF to audit later this year or risk getting kicked out of the world financial market all together.
You must be a paid poster to actually write this nonsense and think someone is going to believe it.
@14 Judging from the brownness of their noses, and incapability of answering direct questions, I'm pretty sure 3 of these folks are Le Camping stooges ordered to type while they sit at the front desk waiting for new guests to check-in.
Mar 28th, 2012 - 12:09 am - Link - Report abuse 0They don't get over it. We all do.
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