MercoPress. South Atlantic News Agency
Argentine economy to expand 1% this year, according to private estimates
The Argentine economy is expected to grow 1% this year with manufacturing activity virtually stagnant, according to the head of a leading economic consultancy agency in Buenos Aires who nevertheless admits that the government stats “will probably show a better performance”. Read full article
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Disclaimer & comment rulesWhich likely means that in the real world, as opposed to Argentina's 'official statistics', they will be in recession next year. With no dollars, rampant inflation, the money printing presses working round the clock, no-one to turn to for a loan....need I go on?
Sep 19th, 2012 - 06:23 am - Link - Report abuse 0At what point do they realise their economic policies are a complete failure and try something else? When the people properly see the mess they are in the pot banging from the other night will seem like a lullaby to Christina.
What a disaster. The cliff edge has got to be getting closer.
Sep 19th, 2012 - 09:16 am - Link - Report abuse 0They need to make some serious changes to their reporting or on top of all this, IMF will censure them and that will mean no international trade, which means the last avenue for dollars will be closed.
Sep 19th, 2012 - 10:17 am - Link - Report abuse 0The only thing expanding in Argentina right now, is CFK's pocketbook, her cronies corruption scandales and of course CFKs scrotum-turkey neck!
Sep 19th, 2012 - 10:21 am - Link - Report abuse 0Without IMF I don't think anyone can insure trade goods either buying or selling from Argentina. So I'm guessing their Soy will be worth about 1/3 on the Int'l market like Iran's oil.
Sep 19th, 2012 - 01:33 pm - Link - Report abuse 0She really has not thought this through...
Still more than Britain right?!
Sep 19th, 2012 - 02:23 pm - Link - Report abuse 0I agree yankee and Soy's outlooks relating to argentina is not that good considering that late summer rains in the USA started the downward trend in soy futures.
Sep 19th, 2012 - 02:55 pm - Link - Report abuse 0More evidence of how CFK's economic policies are helping Argentina:
Sep 19th, 2012 - 03:31 pm - Link - Report abuse 0http://finance.fortune.cnn.com/2012/09/19/luxury-brands-leave-argentina/?iid=HP_LN
The trolls here will try to have you beleive that does not matter because it is for the rich anyway.
Sep 19th, 2012 - 04:05 pm - Link - Report abuse 07. It is pretty had to plant anything when your land is under a few feet of water! You can use a canoe in parts of BA and the Province!
Sep 19th, 2012 - 04:48 pm - Link - Report abuse 0I wouldn't hope for a banner year in Soy from Argentina one more year like the last one will probably bankrupt most of the farmers.
This is why we Argentines loves CFK. It's sad that most english people don't even understand CFK and never will. For this reason never take any english serious regarding your country. Chances are that they will repeat what their handlers say, there is no independent thinking, there is no thinking for that matter,.
Sep 19th, 2012 - 06:28 pm - Link - Report abuse 0Lol that's hilarious coming from a cyber K troll createad in a la campora test tube with sperm from fatsimo the fat fuck kirchner and an egg from ass lips.
Sep 19th, 2012 - 06:42 pm - Link - Report abuse 0Taken from BA Herald 19.9.12
Sep 19th, 2012 - 06:58 pm - Link - Report abuse 0Moody's Investment Service Agency has downgraded Argentina's outlook from stable to negative stating that it was due to risky economic policies* along with the lack of confidence in official statistics **. Moody's assured that it could cut the country's ratings to Caa if its decisions affect the economy and its debt.
* number one protectionist country in the World
** telling lies about inflation and growth prospects
We Argentines demand Argentina to move from papers currency to gold coins. And to ignore all english ignorant fools. Thanks everyone but outsiders opinion is not worth taking into account. Why don't you all worry about the EU and greece who really really need your help more then Argentina, since Argentina didn't even ask for it.
Sep 19th, 2012 - 07:57 pm - Link - Report abuse 0Pirat, Curious as to what the denomination of coins would be if they're gold. What is the smallest one you think they should have?
Sep 19th, 2012 - 08:03 pm - Link - Report abuse 0Actually, it will be more like 5%. It expanded by 1% in 2010 and no one yelled fowl.
Sep 19th, 2012 - 08:09 pm - Link - Report abuse 0Fowl? No one yelled bird? Yeah you are from the USA. Idiot.
Sep 19th, 2012 - 08:11 pm - Link - Report abuse 0sussie is think old turkey neck.
Sep 19th, 2012 - 08:33 pm - Link - Report abuse 0Thanks for the correction“yankeeboy”. We Americans do make keyboard errors sometimes do we?
Sep 19th, 2012 - 08:36 pm - Link - Report abuse 0I don't understand how you can treat fowl, ooops, foul le our aranguage. I guess that you are a Brittard in disguise.
OMG where an m24 when you need one.
Sep 19th, 2012 - 08:46 pm - Link - Report abuse 0typos are wrong letters not wrong use of words try again RG.
Sep 19th, 2012 - 08:48 pm - Link - Report abuse 0#15 1/100 of a once for a 1 gold peso.
Sep 19th, 2012 - 09:15 pm - Link - Report abuse 05/100 of a once for 5 gold pesos.
10/100 of once for 10 gold pesos
20/100 of an once for 20 gold pesos.
50/100 of an once for 50 gold pesos.
and one once for 100 pesos.
Who is saying this…? LOL
Sep 19th, 2012 - 09:27 pm - Link - Report abuse 0Every neo liberal “consultant” Who is definitely against Argentina is a news here!
In Argentina even TN which is part of Clarin is saying something else.
MP where do you find news that doesn’t exist???
22. So the smallest denomination you will have with your gold coins is U$17.67 or currently P$ 111 is that the new baseline price for everything in the country?
Sep 19th, 2012 - 09:46 pm - Link - Report abuse 0You are truly retarded.
How the hell is MP.......Yankee lugging gold to buy. First off......how are they going to buy mining and excavating machinery from the USA to get all this gold? lol
Sep 19th, 2012 - 11:29 pm - Link - Report abuse 0Opps note to PH
develop a plan to buy equipment from the USA
Argentina is really f*cked up... I feel pity for them, even they're quite saturated with morons, there are still good people suffering this...
Sep 20th, 2012 - 12:46 am - Link - Report abuse 0If Argentina is f*u the UK is dead.
Sep 20th, 2012 - 02:36 am - Link - Report abuse 0Wake up poeple!!!
Here you gooo...... the facts
Sep 20th, 2012 - 06:23 pm - Link - Report abuse 0Argentine Economy Minister Hernan Lorenzino says the country's inflation will remain at just 11 percent next year, about a third of what private analysts say the real annual inflation rate is in the South American country.
Lorenzino also says the peso will decline just 9 percent in value against the dollar as the economy rebounds to a healthy 4.4 percent in growth.
There's goes the censure from IMF.....and no more international currency to trade with.....bye...bye.....bye....argentina. Why they bothered to wait is beyond me. The IMF pulls the rug.....there goes any remote possibilty of anything coing out of Chevron.
Sep 20th, 2012 - 07:19 pm - Link - Report abuse 028. They budgeted 5+% growth for this year and they're negative, budgeted 9% inflation and its 25+%! So I wouldn't put too much faith in their prognosticating.
Sep 20th, 2012 - 09:23 pm - Link - Report abuse 0Cap, Did you see CFK got a little slap down again today? She announce an Apple supplier setting up factories in Arg in July but the ended up choosing Brazil instead? Another bullet train shot down! I don't' understand why they don't keep their traps shut until the deal is done. It is really embarrassing.
Yankeeboy
Sep 20th, 2012 - 10:29 pm - Link - Report abuse 0America invented wars, kill people, send their own citizens die, for a undignified Purpose and above all attempts fails.
How do you call that ?
Americans invented wars? What was the Sumer and Akhad war in 2700BC?
Sep 20th, 2012 - 11:24 pm - Link - Report abuse 0I did not read that, but there would be not profits building in argentina because of the policies.
@31 Gasbag
Sep 22nd, 2012 - 07:13 pm - Link - Report abuse 0Argentina started a war in 1982, killing people and sending their citizens to die for an undignified purpose(trying and failing to bully 2000 people who had never lifted a rifle against them) and above all attempts failed as the forces of democracy drove them back home, where Argentine soldiers were treated like scum by their own people on their return.
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