MercoPress. South Atlantic News Agency
Argentine industrial activity drops 4.2% in April; auto industry hit by lower sales
After a decade of growth, the Argentine government faces this year a decline as industrial output falls and a high inflation rates hits consumer spending and new investment. The Argentine economy grew steadily recovering from a 2001-2003 debt crisis and expanded 3% last year but it stumbled in the fourth quarter and could slid into a recession at the start of this year. Read full article
Comments
Disclaimer & comment rulesA year ago (or maybe more) I said that Argentina was stealing future growth.
May 26th, 2014 - 08:44 am - Link - Report abuse 0Now comes the time to pay for using up that growth.
If these are Indec Figures, then you have to believe that the actual figures are higher.
May 26th, 2014 - 09:29 am - Link - Report abuse 0I remember so many conversations that I had with the likes of Think, Marcos, Toby, DanyB all of these really stupid K supporters that believed the propaganda.
May 26th, 2014 - 11:26 am - Link - Report abuse 0“A new way, a heterodox economic model, it will never end, free market bad, communism good. blah blah blah.” Idiots all of them
I told them then all of this “growth” was based on stolen money and as soon as it runs out they were going to be screwed.
I was called every name they could think of.
Now if they are still on the site they avoid the economic articles. I guess they are embarrassed.
This is just the beginning of a very bad time, 2001 is going to look like the good ol' days.
The economy will grind to a halt, there will be mass layoffs, the only thing this gov't knows is how to pump $ into the system, which means another devaluation ( soon) then hyperinflation and no economic activity.
Look to Caracas.
Bread lines are coming to Argentina
LOL. In the meantime NAZIS are talking over France and Britain.
May 26th, 2014 - 01:35 pm - Link - Report abuse 0I think you northern fiends have more pressing problems to attend to, like France and Britain slowly becoming the FOURTH REICH.
Sig Heil! 1488
UKIP + Le Pen
4
May 26th, 2014 - 01:50 pm - Link - Report abuse 0If your countrymen are as feeble minded as you appear to be, it is unsurprising that Argentina lurches from crisis to crisis.
Sig Heil my Euro friend,
May 26th, 2014 - 01:57 pm - Link - Report abuse 0How are the preparations for Jew burnings and immigrant mass deportations going? Le Pen and UKIP must have all the plans ready for implementation I reckon?
6. In successful countries, if a people don't like the way the current gov't is managing things they are supposed to elect a different party.
May 26th, 2014 - 02:56 pm - Link - Report abuse 0In unsuccessful countries they double down and elect similar gov'ts
Argentina is an unsuccessful country.
You should be so lucky that a conservative gov't gets elected next. But it won't and your next generation will be poorer and dumber than this generation. Just like it has been doing for the last 75 years.
Idiocracy.
You are such a moron that I won't deign a response to the above.
May 26th, 2014 - 03:13 pm - Link - Report abuse 0So elect a different party, no matter what that party stands for huh (communism, Nazism)
Moron.
Yes, liberals in charge ruining the county so they elect conservatives.
May 26th, 2014 - 03:21 pm - Link - Report abuse 0Maybe you are a little too stupid to understand conservatives are not Nazis. Nazis are National Socialists much like Peronism.
Argentina is a failed country on the heels of Venezuela
Pretty soon you all are going to be street fighting over the last can of beans in the country.
Where did I say that? But the ones that one in France and UK are indeed FASCISTS. Period.
May 26th, 2014 - 04:15 pm - Link - Report abuse 0Yes, Argentina fail blah blah blah. In two years you have pretended to be the erudite predicting the failure, but never providing the cure.
Still a moron.
I've given lots of cures to what ails Argentina
May 26th, 2014 - 04:32 pm - Link - Report abuse 0Lampposts being the most obvious.
Neither of those EU/UK parties are Fascist but Peronism is certainly.
For the first time as far as I can recall BsAs Herald yesterday warned of the “first slump” since 2001.
May 26th, 2014 - 04:40 pm - Link - Report abuse 0It made pleasant reading and in no way showed the likely events: people dying through malnutrition / hypothermia / gang wars / riots, etc.
Situation normal then for The Dark Country.
It's not really the first slump and it isn't going to be a slump. Its going to be economic devastation.
May 26th, 2014 - 05:40 pm - Link - Report abuse 0AxelK is a whiny know-nothing crybaby that wouldn't be qualified to work in McDonalds here in the USA.
BCRA is now begging France Central Bank for U$3B short term loan and maybe up to U$9B! Just to get them through Winter!
“BCRA is now begging France Central Bank for U$3B short term loan and maybe up to U$9B!”
May 26th, 2014 - 06:05 pm - Link - Report abuse 0Damm, then there is definetly not 28 bn USD in those reserves. Where did you get that from ??
@4
May 26th, 2014 - 07:55 pm - Link - Report abuse 0Your post is just “whataboutery”.
It is has nothing to do with the article above.
It is also stupid and incorrect. This is why people think you are foolish.
The article confirms the predictions of many posters on this site. You could learn from them instead of spitting bile.
agreed
May 26th, 2014 - 08:03 pm - Link - Report abuse 0he has lost it..
the main reason of auto industry´s lower sales in the internal market was the impuestazo to some high end cars.
May 26th, 2014 - 09:14 pm - Link - Report abuse 0these imbeciles, kicillof most of all, probably thought they would collect more money this way.
but the result was that the whole line, from popular cars, passing by medium range to imported ones, raised their prices up to 300%.
no sales = no income = loss of jobs.
well done twat.
Catching a lift on Paul's@17, Kicillof's idea to increase taxes, is much the same kind of stupid policy implemented by CFK about 5 years ago, when she wanted to lower the prices of beef in Argentina. In all her mighty wisdom, she prohibited the export of beef, but instead of producing the result she wanted, many of the cattle farmers slaughtered most of their herd and planted crops, with the net result that what beef COULD be bought , was expensive and of lower quality......and after seeing the disaster, she still refused to back down. One mistake after the other.
May 26th, 2014 - 11:08 pm - Link - Report abuse 0@17 the reason for the impuestazo wasn't to collect more money, it was first to stop imports and hence prevent more dollars from getting out. Since they couldn't just stop imports from Brazil they went against high end cars, including some assembled in Argentina but with high amount of imported components.
May 26th, 2014 - 11:30 pm - Link - Report abuse 0Toby's new pseudonym, tRoll_with_the_Punches as usual blabbers about Anglos, nazis in Britain, etc. while the governor of his home province, Mendoza, is in London begging for a loan (pretending it is some sort of investment), of a paltry 200 million US$.
May 27th, 2014 - 01:15 am - Link - Report abuse 0A far cry from Tobias' usual “we don't need the rest of the world” blabber.
“Mendoza's governor Pérez buscará en Londres inversores para un bono por US$ 200 millones”
http://www.losandes.com.ar/notas/2014/5/26/perez-buscara-londres-inversores-para-bono-millones-787867.asp
Nostrils
May 27th, 2014 - 06:01 am - Link - Report abuse 0It's SIEG HEIL. God not only can't you argue but you can't even troll properly.
So much for someone who claims to speak “almost” seven languages.
Lets see now: 286,000 lost jobs in the first 3 months of this year; Aerolineas Argentinas reported mass corruption by the auditor general; more corruption in the Argentine Futbol Association, paid for by the government, police in Mendoza offering drivers licenses for sale....and the appointment of members of the campora to high positions in the legislature being withheld from the opposition. It never ends...
May 27th, 2014 - 12:04 pm - Link - Report abuse 022. And that's just this morning's recap! :)
May 27th, 2014 - 12:16 pm - Link - Report abuse 0The most stupid thing I have heard all day is that UKIP are some how connected to the Nazis. What a completely ignorant and moronic statement to make.
May 27th, 2014 - 02:11 pm - Link - Report abuse 0Have you ever read the UKIP manifesto. It is pro skilled immigration, it is pro democratic nationalist independent governance, it is pro regulated and sensible capitalism. It is a voice of clarity calling out in the woods.
Go read UKIP's manifesto and talk to multi ethnic members of the UKIP party to learn the truth.
They all fear UKIP,
May 27th, 2014 - 07:04 pm - Link - Report abuse 0And the more they insult and throw accusations, the more that will turn to UKIP,
as the unmighty Mr no clegg found out to his cost and humiliation.
Well, looks like it is Goodnight from paulie. ...
May 27th, 2014 - 10:09 pm - Link - Report abuse 0&25 - exactly. Nick spouted unrelated (perceived) populist rhetoric at Nigel Farage. It was embarrassing to watch. Nigel gave reasoned, considered and informed answers, Nick's were but that of a name calling child.
May 28th, 2014 - 12:38 am - Link - Report abuse 0Vote UKIP for sensible and informed government.
Agreed
May 28th, 2014 - 08:22 pm - Link - Report abuse 0Commenting for this story is now closed.
If you have a Facebook account, become a fan and comment on our Facebook Page!