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Argentine activity expands 4% in March but continues steady deceleration

Saturday, May 19th 2012 - 14:21 UTC
Full article 43 comments

Argentina's economic activity slowed in March to 4% year-on-year continuing a steady deceleration from the China-like rates seen through October, government data showed on Friday. Read full article

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  • reality check

    Last paragraph says it all.

    May 19th, 2012 - 02:33 pm - Link - Report abuse 0
  • Brit Bob

    INDEC set up by Uncle Festor is part of CFK's Ministry of Propaganda.

    May 19th, 2012 - 02:37 pm - Link - Report abuse 0
  • yankeeboy

    I can't wait for the IMF audit late this year. They'll have to go back and re-do all the numbers for the last 8 years.
    I think ARG gov't will owe many 10s U$ BILLIONS in underpayment of inflation link bonds.
    All hitting at the same time is going to be much more than CFK can handle..mark my words this could be the end of her all together.

    May 19th, 2012 - 02:41 pm - Link - Report abuse 0
  • Conqueror

    So what we can say, from INDEC's figures, is that everything that is positive for argieland is about half what they say. And everything that is bad for argieland is about twice what they say.

    Economic activity actually rose 0.25%. Economic activity grew 2.6% in February and 4.3% year-on-year in March 2011. Argentina's economy grew 4.4% in full year 2011. But growth then slowed to 2.4%. The unemployment rate is now only 14.2%. Then there's the inflation rate that's only somewhere between 25-30% and the currency that's only worth one ten millionth of what it used to be. “All things bright and beautiful.........!”

    Isn't life WONDERFUL in argieland? A land to be proud of. Full of criminals, murderers, queers, robbers, thieves, misanthropes and genocides.

    May 19th, 2012 - 03:08 pm - Link - Report abuse 0
  • DanyBerger

    Argentina is growing at 30% rate and INDEC lies is not what all say after all?

    May 19th, 2012 - 03:15 pm - Link - Report abuse 0
  • Chicureo

    #3 The IMF report will cause havoc for CFK, but she's proven to be good at the debate. She will blame the ______ (take your pick: English, World Bank.....) for distorting the statistics. In the meantime, a new surprise replacement for Uncle Chavez (Angola) and she always has the Chinese as a last resort. One smart ____(rhymes with witch) if you ask me, but in the end, someone is going to pour a bucket of water over her head and she'll start melting away....

    Oh the poor flying monkeys, what will they do?

    May 19th, 2012 - 03:35 pm - Link - Report abuse 0
  • yankeeboy

    6. It won't matter what CFK says, the courts will use the IMF audit as their basis not INDEC. She can moan and groan all she wants but in the end they will lose and ARG will be forced to pay.
    I wouldn't count on China for anything they're going through the same problems Arg is just on a much larger scale.

    May 19th, 2012 - 03:58 pm - Link - Report abuse 0
  • Brit Bob

    @4

    The Argentine government was recently criticized by the IMF for being in violation of Article IV of the IMF charter (the only G20 nation to do so) and failure to comply with 47 of 49 recommendations to combat terrorist financing and money laundering.

    Some believe that the country should be thrown out of the G20 for REFUSING to comply with its international commitments and obligations.

    May 19th, 2012 - 04:03 pm - Link - Report abuse 0
  • Xect

    In a logical world where politics wasn't more important than the important subjects that affect the G20, Argentina would have immediately been ejected for its lies to the IMF and also breaching the WTO agreements it voluntarily signed up for.

    The G20 doesn't really matter anyway since its just a bunch of bureaucrats having meetings about meetings. Everything useful happens outside of that organization.

    I mean regardless of all of the above infringements, Argentina isn't a G20 country and is nowhere near being one.

    May 19th, 2012 - 04:39 pm - Link - Report abuse 0
  • Chicureo

    #9 I agree Xect. CFK is like a spoiled child and the “adult” nations are reluctant in giving the brat a solid thrashing in public. They're instead softly warning that their losing patience. However, justice will come slowly with a lot of negotiations without much effect. Look at N. Korea, Belorussia, Venezuela.... they're playing outside the rule book with no concern about international sanctions and their people are suffering. Argentina seems like a mild distraction unless you live next door...

    May 19th, 2012 - 05:40 pm - Link - Report abuse 0
  • Yoda

    @Conqueror
    “Full of criminals, murderers, queers, robbers, thieves, misanthropes and genocides”

    Much hatred I sense.
    Fear is the path to the dark side. Fear leads to anger. Anger leads to hate. Hate leads to suffering.

    Your fear you must conquer Conqueror.

    May 19th, 2012 - 06:06 pm - Link - Report abuse 0
  • briton

    Much hatred I sense.
    Fear is the path to the dark side. Fear leads to anger. Anger leads to hate. Hate leads to suffering

    [we agree]
    CFK are you listening .

    May 19th, 2012 - 06:08 pm - Link - Report abuse 0
  • Max

    Conqueror could be a “” desaparecido “” or his(her) relative ..!

    May 19th, 2012 - 06:18 pm - Link - Report abuse 0
  • Yoda

    @12
    KFC with the Sith is.
    Beyond help me thinks.

    May 19th, 2012 - 06:40 pm - Link - Report abuse 0
  • PirateLove

    No??? Juggling the figures at Government level who would have guessed that.
    the more the corruption Argenweener applies the bigger the hole they dig for their countrymen, ITS ALL GOOD!!

    May 19th, 2012 - 07:29 pm - Link - Report abuse 0
  • briton

    14 Yoda
    She is another daft vader lol

    May 19th, 2012 - 07:31 pm - Link - Report abuse 0
  • Chicureo

    http://www.miamiherald.com/2012/05/19/2807335_p2/argentina-black-market-grows-with.html

    It's happening children.... The sky is starting to fall...

    May 19th, 2012 - 08:35 pm - Link - Report abuse 0
  • Yoda

    Daft she is.

    May 19th, 2012 - 08:43 pm - Link - Report abuse 0
  • reality check

    The farce is strong in her.

    May 19th, 2012 - 08:44 pm - Link - Report abuse 0
  • Yoda

    @
    Great understanding, you have.

    May 19th, 2012 - 09:02 pm - Link - Report abuse 0
  • Tobers

    Daft Invader?

    May 19th, 2012 - 09:54 pm - Link - Report abuse 0
  • reality check

    May the force be with her. The Royal Air Force that is!

    May 19th, 2012 - 09:56 pm - Link - Report abuse 0
  • Tobers

    She also wears all black and hides her face behind a 'mask'

    May 19th, 2012 - 10:17 pm - Link - Report abuse 0
  • Pete Bog

    Yet more evidence that calling the Falkland Islands by a name that doesn't exist is a smokescreen to cover yet another pending Argentine financial catastrophe.

    May 19th, 2012 - 11:18 pm - Link - Report abuse 0
  • Yoda

    One son and one daughter, she has.

    May 19th, 2012 - 11:20 pm - Link - Report abuse 0
  • British_Kirchnerist

    #16 Naw, she's more like Padme or Leia =)

    May 20th, 2012 - 12:31 am - Link - Report abuse 0
  • reality check

    @26BK
    Come on mate your slipping.
    “Princess” Leia =)

    May 20th, 2012 - 06:24 am - Link - Report abuse 0
  • Think

    (26)British_Kirchnerist

    Time to recicle an old post.............:

    221 Think
    (220) British_Kirchnerist
    Definitively Padmé Amidala played by Natalie Portman.....

    Here as young Mathilda:
    www.youtube.com/watch?v=G_MO9ZWnNZA&feature=related

    And here as Evey:
    www.youtube.com/watch?v=t50ECSfdrjA&feature=related

    Yes definitively her :-)

    http://en.mercopress.com/2012/03/28/six-nobel-peace-prize-winners-call-on-uk-to-open-talks-on-falklands-sovereignty

    May 20th, 2012 - 07:01 am - Link - Report abuse 0
  • DanyBerger

    @ Chicureo

    “they're playing outside the rule book with no concern about international sanctions and their people are suffering”

    Now can you explain me what is the “rule book” and written by whom?

    So that means you are playing by this book?

    And you are from sir?

    May 20th, 2012 - 07:39 am - Link - Report abuse 0
  • yankeeboy

    29. The “rule book” is what your gov't has already agreed to via contract, treaties and Int'l memberships.
    It is just that RGs have no honor and only abide by the rules they want to.
    Int'l community is sick to death of the Arg moaning/groaning/childish behavior. The school yard antics of CFK and TImmerman are not being tolerated any longer and payback is a b*tch.
    I can't wait.

    May 20th, 2012 - 02:17 pm - Link - Report abuse 0
  • Conqueror

    @29 The “rule book”.

    Have you tried reading the United Nations Charter? Or the rules of the World Trade Organisation? How about the rules of the IMF and the World Bank? Mind you, it might be best to avoid the United Nations. The United Nations Security Council is the only one that claims universal jurisdiction and YOU ignore it! If you don't recall, it was United Nations Security Council resolution 502 dated 3 April 1982. Remember? As it happens, did you ever apologise for that?

    As for who wrote them, shouldn't you know? You're supposed to be a member of all of them.

    Strangely, lots and lots of countries play by this “rule book”. How come you don't? Except when you want to complain to one.

    May 20th, 2012 - 02:23 pm - Link - Report abuse 0
  • Chicureo

    #29 DanyBerger
    The rule book is titled: Using Common Sense and Practicing Honest Governance to Serve the People. I sir come from the land of reality across the Andes where things are certainly are not perfect, but we seem to get along with the rest of the world.

    There is hope, because I still believe that there are many decent hardworking Argentineans that want a better future for their children. This nightmare will eventually pass, just as in Germany did in the 40s ...

    May 20th, 2012 - 02:49 pm - Link - Report abuse 0
  • DanyBerger

    @Conqueror

    Oh! Do you mean all this useless organisations that none pays attention like US, UK, etc.

    If you don’t like it stay away from Argentina we love to live like this there is nothing that force you to make business or contract with Argentina.

    So when are you going the get lost?

    “How come you don't? Except when you want to complain to one.”

    Because in Argentina we like the way it is, so what is your problem?

    If we don’t like the rules we change it like any other big country does.

    @Chicureo

    And what are you looking for, to be invaded for Argentina?

    And since when someone from Chile can lecture a country like Argentina?

    This is like Portugal lecturing France or Germany.

    May 20th, 2012 - 03:18 pm - Link - Report abuse 0
  • yankeeboy

    33. Except Chile could rule the sky over Argentina in less than 30 minutes. Plus Chile is the USA's strongest ally in SA. Who do you think we would back RG losers or hardworking honorable Chilenos.

    May 20th, 2012 - 03:21 pm - Link - Report abuse 0
  • reality check

    33.
    The UK's too, we remember 82.

    May 20th, 2012 - 03:31 pm - Link - Report abuse 0
  • Chicureo

    #33
    “And what are you looking for, to be invaded for Argentina?” In 1978 you nearly did it with your brutal planned Operation Soberanía.

    “And since when someone from Chile can lecture a country like Argentina?” Since our standard of living surpassed your declining one.

    “This is like Portugal lecturing France or Germany.” No, it's like South Korea lecturing North Korea, or Botswana lecturing Zimbabwe, or Slovenia lecturing Greece.

    May 20th, 2012 - 04:41 pm - Link - Report abuse 0
  • Simon68

    33 DanyBerger (#)
    May 20th, 2012 - 03:18 pm

    You don't speak for all Argentines, amigazo, you speak onlyb for your peronist scumbags. Most of us would like to live in the real world where respect between peoples is the norm. You Dany Bugger don't speak for me so don't say you do.

    May 20th, 2012 - 04:44 pm - Link - Report abuse 0
  • ChrisR

    Even Jabba the Hutt has got less plasic in it than The Mad Bitch of Argentina - and he's made of it; while she's just full of it!

    And take INDEC numbers? Ha, ha to the power 10.

    May 20th, 2012 - 05:34 pm - Link - Report abuse 0
  • briton

    37 Simon68 =DanyBerger=You don't speak for all Argentines
    we agree,,,,,,,,,,

    as the dark vaders say,
    the only difference between the CFK dreams, and the ferangi,
    is reality

    May 20th, 2012 - 06:43 pm - Link - Report abuse 0
  • DanyBerger

    @Simon68

    Well I don’t speak for Simon, happy now?

    Any other to make the list?

    ????????????????????????? I guess will be very short.

    May 20th, 2012 - 08:56 pm - Link - Report abuse 0
  • British_Kirchnerist

    Well I'm not an Argentine, but as a supporter of Cristina I'd like to make clear you don't speak for me with your constant Muslim baiting and calls for war

    May 20th, 2012 - 09:24 pm - Link - Report abuse 0
  • briton

    He speak with fork tongue
    Perhaps .

    May 21st, 2012 - 06:02 pm - Link - Report abuse 0
  • skåre

    Given the general accuracy of INDEC statistics, I will assume the true growth to be closer to -14% until someone can prove otherwise.

    May 25th, 2012 - 12:11 pm - Link - Report abuse 0

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