MercoPress. South Atlantic News Agency
Argentina’s industrial production up in April, but down in four months of 2013
Argentina's April industrial production rose 1.7% over the same month a year earlier with a big jump in automobile output and more modest gains in the production of building materials, government data showed on Friday. Read full article
Comments
Disclaimer & comment rulesTwo points:
May 27th, 2013 - 05:27 am - Link - Report abuse 0“Argentina's economy, the third-biggest in Latin America”
Fourth biggest after Brazil, Mexico and Colombia.
Once was third but no longer.
“Analysts estimate that as people are unable to hold or save in hard currency they are converting their devalued Pesos into assets such as cars and real estate.”
Something I've been saying for months.
“...the Central Bank can't increase exports or investment, it could lower inflation but won't. And so consumers are spending like there is no tomorrow.
It's called stealing future growth - it will catch up, just like debt in many western countries eventually caught up.”
http://en.mercopress.com/2012/12/26/argentine-economy-forecast-to-expand-4.6-in-2013-but-dollar-clamp-remains#comment201522
@1: LOL I think you are a cu*t, but is not your fault, I think the biggest cu*nts are you mum and dad who brought up a child like you.
May 27th, 2013 - 12:01 pm - Link - Report abuse 0Argentina is the 3rd Latin America economy, the FMI, World Bank, Cepal, CIA Facts, and witch ever stupid agency you can name.
Maybe you are looking at the Blue rate to messure the economy? That's why you are a cu*t. The imports and Exports are at the OFFICIAL RATE, the whole economy moves around the OFFICIAL RATE, so I sugest you get your facts right before looking like and incest c*nt with no brains.
Poor sod!
@2
May 27th, 2013 - 01:30 pm - Link - Report abuse 0Why have TWO rates, most western economies have only one. Please explain why the need for TWO US$ rates?
@3 Why would you expect fartwhiner to be able to explain anything? He's clearly at a stage in his (its) regression where four-letter words beginning with “c” fascinate him. Could it be because he's still hoping to find out what a “c***” is? Let's hope he never goes further. There could be the four-letter f*** words, the odd four-letter h*** word, the extensive four-letter s*** word. And that's before he gets on to words with more letters. Back to “basics”. The “a” word. Like a****!
May 27th, 2013 - 04:44 pm - Link - Report abuse 0Argentina may have taken its hits, but at the end of the day its a heavyweight, and the 40+ million population are strengthening slowly but surely.
May 27th, 2013 - 04:51 pm - Link - Report abuse 0Plenty of universities and workforce and resources.
The kind of jibes so often posted in here wont be heard in 10 years time.
At its core it has the makings of a modern first world western country with a strong economy. Thats what will arise soon enough.
#5 Argentina is far from a Phoenix to rise from ashes as it never has in it's storied history. Though you are correct that this criticism will not be hurled toward Argentina in 10 years time. At that time, it will be directed at Argenzuela or Brazintina or even Brazinzuelatina. Take a pick of the Tres Amiga's.
May 27th, 2013 - 06:04 pm - Link - Report abuse 0@ cun*tqueror. That is because your mums cun*s facinates me, never seen anything like it.
May 27th, 2013 - 06:41 pm - Link - Report abuse 0Anyway, send her regards. Ohh dude, what a ho she is, no wonder you where born with a deficiency like the one you have... ;)
Actually, the 'light blue' is the more natural rate. The Arg gov doesn't. even value pesos anymore (won't buy them on the world market)' The peso is artificially slated to go to $6 this year, and per capita, CHILE will be obviously richer.
May 27th, 2013 - 06:46 pm - Link - Report abuse 0Also, 36% of Arg's. GDP is gov now. The U.S. is only 16%.
@8 Ayayay
May 27th, 2013 - 09:22 pm - Link - Report abuse 0I can't be bothered looking up the figures, but I think Argentina has already fallen behind Chile AND Uruguay in GDP per capita.
Both are keen to join up with the upcoming Colombian economic juggernaut. By population, Colombia is third to Brazil and Mexico in LatAm. It also straddles the Pacific and Caribbean and is the link between north and south. It has recently benefitted from the capital and brain drain from Venezuela and leaped over them quite quickly and a while ago.
The peace dividend and the resulting infrastructure boom will push Colombia far far beyond Argentina that's ill still be counting its annual soy crop to see exactly how much foreign stuff they can buy.
Argentina and Brazil love each so much they had arbitration and guess who lost?
May 27th, 2013 - 10:53 pm - Link - Report abuse 0http://news.yahoo.com/argentinas-ypf-loses-arbitration-over-natgas-exports-brazil-204743444.html
Such happy lice on a dog they are.
9 Anglotino: Since 2001 that Argentina has fallen way behind Chile in per capita income. They have tried to fake statistics via INDEC since then.
May 28th, 2013 - 02:16 am - Link - Report abuse 0I also think that Argentina only in best case is the 4th LA economy. Being realistic, it surely has fallen behind Venezuela (even with their own problems, but they got oil) and considering the blue, maybe even behind the Chilean economy.
The EU just killed Arg bio fuel business and probably their positive trade balance.
May 28th, 2013 - 03:01 pm - Link - Report abuse 0This may really have a drag on the BCRA reserves as all the bio-oil they've produced is now worth way less than they were expecting.
Makes me smile.
12 yankeeboy (#)
May 28th, 2013 - 04:26 pm - Link - Report abuse 0May 28th, 2013 - 03:01 pm
Liquid reserves in BCRA must have dropped to below U$S 3 billion by now!!!!!
The Great depression - the wall street crash, Black Monday, The world credit crisis, the Euro crisis. All just transitions. People don't stop, countries come through these bleak times.
May 29th, 2013 - 03:38 pm - Link - Report abuse 0Tell me Poppy, do you think 40+ million people will stop, will progress stop ? or, as is natural and seen so many times, will the bust turn into another boom eventually.
More a tree with deep roots than a phoenix.
No things won't stop completely, people will starve, kids won't be educated in new technology and the country won't progress. It will be left a generation behind until things can be fixed.
Jun 02nd, 2013 - 02:17 pm - Link - Report abuse 0Maybe you are not old enough but a good example is Rg isolation during the 50-80s. You didn't get color TV until 30 yrs after the rest of the world! Technology moves much quicker now. What will it look like in 30yrs when you are using the technology from now? It is possible the average Rg may not even be able to communicate with civilized countries. Very possible and likely.
No you won't stop you'll just be more like Bolivia and Paraguay than the USA.
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