MercoPress. South Atlantic News Agency
Argentine economy growth flat in second quarter; full year estimate revised down to 3.4%
The Argentine economy remained flat in the second quarter of the year compared to the same time period of 2011, the poorest performance in three years, according to the national statistics office Indec. Read full article
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Disclaimer & comment rulesKretina and INDEC “mienten” (tell lies)
Sep 22nd, 2012 - 04:37 pm - Link - Report abuse 03.4% would still be super for Britain! Nice picture btw =)
Sep 24th, 2012 - 01:46 pm - Link - Report abuse 0Argentina: Supermarket consumption projected to grow by 5%
Sep 24th, 2012 - 10:17 pm - Link - Report abuse 0Mass consumption of foods, beverages and toiletry products in the supermarket channel will grow 5% this year, predicted industry sources.
“In volume, the increased consumption from supermarkets this year will be 5%” compared with 2011, said Daniel Fernandez Carrefour network president.
“Retail is very competitive. Costs are stable if there is no reason to raise prices,” said Fernandez to the press when asked about the request made yesterday by President Cristina Fernandez de Kirchner to entrepreneurs for more investment and price stability after announcing an increase in universal allocations.
He added that consumption is good. “Prices are not moving up and down. The issue is the cost, where we must seek additional efficiencies.”
On another note, he said the supermarket covers a third of retail sales in Argentina, which determines that is has potential for growth and expansion, the reason why it is penetrating the market with new formats.
He said that even “in Brazil and Colombia, the development of the sector is greater”.
On the supply of low-cost food, Fernandez explained that “our responsibility is to try to encourage access to consumption.
”This option exists since 2009 and we have been changing every 15 days through various menus. Ther are 40 products, 10 of which have subsidized prices through the chain,” he explained.
Shit is starting to hot the fan in RGland. Economides (oil and energy consultants) are claiming that no oil company will invest a penny in argentine shale fields without seeing the Repsol is reimbursed. The thought of investing billions based on words and even contracts is meaningless compared to actions. Her attitude could be tested during a meeting Thursday with Exxon Mobil Corp. CEO Rex W. Tillerson to discuss new joint ventures. Her botox lips or a handjob is not going to work on him. He already is of the mindset that no compensation to Repsol means no on vestment in argentina. All US oil companies are of the mindset. I hope they have a huge budget and lots of u$ dollars for oil imports nest year.
Sep 25th, 2012 - 01:41 am - Link - Report abuse 0Commenting for this story is now closed.
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