MercoPress. South Atlantic News Agency
Economic activity in Argentina expanded 2.6% during March, says Indec
Indec stats on GDP and inflation are questioned by the IMF Argentina's economic activity expanded 2.6% in March from a year earlier and 0.7% over February, the national statistics institute Indec said on Friday. Accumulated growth in the 12 months through March was 1.3%, down from 1.9% in full-year 2012.
The Argentine economy has cooled abruptly after booming during most of the last decade.
Most economists blame soft external demand, high inflation, and the negative impact of state currency and trade controls on investment.
March's economic data was likely boosted by industrial production, which expanded 0.2% year-on-year after slumping 4.4% in February.
In February, economic activity rose 2.3% year-on-year and 0.3% from the prior month.
Argentina is widely accused of manipulating inflation data and, to a lesser extent, growth data. It faces potential sanctions by the International Monetary Fund, which has issued a “declaration of censure” against Argentina over the quality of its inflation and GDP data.
The monthly EMAE economic activity index is a close proxy for GDP, which is reported quarterly.
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Read all comments“Argentina is widely accused of manipulating inflation data and, to a lesser extent, growth data”
May 18th, 2013 - 08:37 am 0According with whom?
According with Martín Romero a researcher from University of Buenos Aires (CABA) the INDEC does not lie. And that it is a false assumption.
Now lets see how all this story started...
In 2007, Graciela Bevacqua was found selling privilege information from INDEC to privates companies so she was forced to demit and she was investigated by the justice for that crime.
As she was useful for “Clarin Miente”, “La Destruccion” and the dark opposition that none votes they turn her as a victim.
She was all over the media saying that INDEC figures are false but none have provide any evidence about that.
So I would like to challenge MP to prove with analytic proof how INDEC manipulate inflation.
I certainty know that they cannot provide any evidence of that because is a lie.
So Mercopress is widely accused of manipulating information...
According with???
Who else Danny!
Congratulations Argentina, well done..... Oh, wait. Ah INDEC.. Hmmmmm!
May 18th, 2013 - 10:24 am 0Ahhh indec stats, well it must be true lol.
May 18th, 2013 - 10:57 am 0Commenting for this story is now closed.
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