Argentine economy expands 3%, thus saving 3.5bn in payments to bonds tied to GDP

Friday, March 28th 2014 - 06:22 UTC

Full article 6 comments

Argentina's National Institute of Statistics and Census, Indec, announced that the country's GDP grew by 3% across the last calendar year, dropping short of the figure necessary to service bonds linked to the nation's economic activity. Read full article

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bushpilot
Wow! They didn't want to part with the 3.5 billion dollars.

The IMF has accomplished NOTHING with this government!

The world needs to steer way clear of Argentina! The IMF is pretty despicable too.

The link below is an MP article about a “red” card all the way back in Sept./2012.

http://en.mercopress.com/2012/09/24/imf-warns-argentina-on-stats-next-time-december-17-it-s-a-red-card#comment167401
Mar 28th, 2014 - 06:39 am - Link - Report abuse 0
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Lord Ton
Indec?? Wow .... that's believable :-)
Mar 28th, 2014 - 07:52 am - Link - Report abuse 0
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Conqueror
What a shame that the argie economy got smaller. Taking the usual Indec “error rate” that means the argie economy reduced by 10%. Anyone surprised? No power, no workers, no investment, no markets, no sales. For some reason offering a multi-national a voucher for 50 pesos worth of groceries doesn't seem to have any effect.
Mar 28th, 2014 - 10:13 am - Link - Report abuse 0
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ChrisR
The photo above should be entitled “I am that clever my brain is this big!”

INDEC, the wastrels favourite “data” for bedtime reading: that’s if you like to laugh yourself to sleep reading funny fairy tales.
Mar 28th, 2014 - 11:07 am - Link - Report abuse 0
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yankeeboy
I don't think anyone was expecting the GDP rate to be over the benchmark required for an extra payment.
They just don't have the U$ to pay it.
I think when they are forced to restate GDP back to 2007 they will find that recession started Nov2011, and they've been a little above or a lot below the line since then.
My guess is 2014 will start a long and deep recession
yet high inflation
Stagflation
Hyperinflation
it is assured it is not if it is when
Mar 28th, 2014 - 12:18 pm - Link - Report abuse 0
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Briton
Is he talking abt the one that got away..lol.
Mar 28th, 2014 - 07:24 pm - Link - Report abuse 0
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