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Argentine stats on economic growth again come under suspicion

Monday, September 29th 2014 - 08:39 UTC
Full article 44 comments

Argentina’s government released some hopeful economic statistics last week with numbers showing that the economy climbed out of recession in the last quarter. But with skepticism over the numbers, combined with a free-falling peso, in light of Argentina’s debt dispute with holdout creditors, economists still have a grim outlook the Mercosur member economy. Read full article


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  • Anglotino

    Suspect growth figures. Don't these clowns ever learn that the truth will always come out.

    Sep 29th, 2014 - 09:15 am - Link - Report abuse 0
  • La Patria

    Like most compulsive liars, they start believing they are telling the truth

    Sep 29th, 2014 - 10:04 am - Link - Report abuse 0
  • yankeeboy

    This is why I keep saying they will fail their IMF review and be on the road to expulsion next year.
    They probably don't realize that IDB, WB, IFC, etc etc etc can't loan to them if that happens and will start their own process for expulsion based on the IMF findings.
    Silly Marxists

    Sep 29th, 2014 - 10:55 am - Link - Report abuse 0
  • Mendoza Canadian

    The lies never ever end. You could never stay in power if you told the truth here. Then there is Boudou...what a wicked web we weave when first we practise to deceive.

    Sep 29th, 2014 - 11:20 am - Link - Report abuse 0
  • Conqueror

    I 'blame' Killitoff. A whole country's economy in the hands of a juvenile Marxist. What has he done? He's rushed from place to place saying that everything will be alright. In accordance with argie policy and propaganda, he 'attacks' a court of law. Says a lot about argieland. Want to borrow? Issue bonds. Choose the relevant legal jurisdiction. Commit fraud. The legal jurisdiction you chose no longer applies. According to you. Wonder how my bank manager would react to that approach? I borrowed £20,000. Now it's a problem. So I'll tell him that I'm reducing the debt to £1,400. I like that. Must get off to the bank! And I can go further. When I don't feel like paying, I won't. And as for my income? Well, when I borrowed I said my income was £32,000 a year. Never goes down. Always goes up. After 5 years I'm, 'earning' £37,000. Except I'm not. Circumstances have changed. I'm now getting paid £30,000 a year. Can't tell the bank that. I'll have to lie. Does this sound familiar?

    Sep 29th, 2014 - 11:35 am - Link - Report abuse 0
  • ChrisR

    @ 5

    I do hope this is just an example otherwise you are in the crapper!

    But seriously, does anyone, even the most dead headed argie believe theese figures?

    Ha, ha, ha, ha.

    Sep 29th, 2014 - 12:22 pm - Link - Report abuse 0
  • malicious bloke

    At this point, what do they have to lose? If you're going to lie, lie BIG.

    Claim that second and third quarter indicators show 8-9% growth and make up some entirely fictitious figures to back your claims up.

    No one needs to know that you've come completely detached from reality until you are sat in the fuhrerbunker moving around armies that only exist in your imagination...

    Sep 29th, 2014 - 12:38 pm - Link - Report abuse 0
  • Wallace

    Kici is running an experiment on the lives of the people of Argentina. He's testing how his theories work when applied in the real world.

    Las causas de la inflación en la actual. Etapa económica:

    Sep 29th, 2014 - 12:41 pm - Link - Report abuse 0
  • yankeeboy

    8. There's really no better way to test Marxism than putting in place the crazy policies and watch them fail.
    Its not like its ever been tried before....

    Sep 29th, 2014 - 12:54 pm - Link - Report abuse 0
  • Chicureo

    Say what you want to say, but your pessimistic assessment of the robust economic growth in Argentina is proof positive that President Cristina Fernandez de K. is right on track to bring her country to the forefront of modern Peronist social development and progress that considers helping the poorest segments of Argentine society enjoy equally the bountiful wealth of the country!
    You'll see, soon the IMF will be borrowing money from the Argentine Central Bank and international credit agencies will be brought to trial for their malicious lies. Illegal colonist squatters in the Islas Malvinas will hang their heads low and wish to be again a part of their motherland. Soon readers, soon you'll see the true revolution.....soon....

    Sep 29th, 2014 - 01:07 pm - Link - Report abuse 0
  • Z-ville

    Unfortunately everything he is doing has been tried and failed before.

    At some point they crossed the line from economic welfare experiments to outright economic warfare against their own citizens.

    Really feel sorry for these people...

    Sep 29th, 2014 - 01:38 pm - Link - Report abuse 0
  • yankeeboy

    11. Its like feeling sorry for a teenager who partied too hard and drank too much, they're just about to run to the bathroom and puke up their partying too bad this hangover may last a generation.

    Sep 29th, 2014 - 01:43 pm - Link - Report abuse 0
  • brianF.I

    @10 Hahahahahahaha please tell me you are joking, you must be because no one is that stupid. We will never come begging to Argentina to join you in your sh*thole. Also, i invite you to come to the Falklands and call me a colonial squatter to my face, i doubt you will because you are an ignorant coward

    Sep 29th, 2014 - 02:49 pm - Link - Report abuse 0
  • malicious bloke

    @13, there is a bit of a likelihood Chicureo is having a bit of a laugh.

    Poe's law in action ;)

    Sep 29th, 2014 - 03:25 pm - Link - Report abuse 0
  • Welsh Wizard

    and they are sending the police out to close down the caves. Cos that is going to work, isn't it...?

    Sep 29th, 2014 - 03:38 pm - Link - Report abuse 0
  • paulcedron

    these imbeciles of kicillof and fabrega are committing the same mistakes of moreno and company.
    for them, you can manage the economy through the police and the gendarmería.
    so far the result was a disaster, but they insist with the same method.
    so, the dollar blue surely will drop a bit this week and then will increase up to 20 pesos.
    same old story.

    Sep 29th, 2014 - 03:58 pm - Link - Report abuse 0
  • Welsh Wizard

    to get rid of the blue rate you have to get rid of the need for a blue rate...

    Sep 29th, 2014 - 04:06 pm - Link - Report abuse 0
  • Idlehands

    Nothing to do with this article but this is apparently the sophisticated Argentine police in action:

    Watch the cop being brutally run over by the nasty protestor at roughly 20 seconds....and the aftermath

    Sep 29th, 2014 - 05:24 pm - Link - Report abuse 0
  • Chicureo

    #13 Brian

    Brian, The Argentine government is willing to allow you colonists a generous opportunity to join the motherland and is extending an olive branch of peace.

    London 28 September, 14 (Reuters )
    Though a newly negotiated debt swap with the Russian Federation, an Argentine government spokesperson elaborated that Aerolineas Argentinas would be acquiring three Tupolev 154 modern aircraft to service the newly announced route between Buenos Aires and Mt. Pleasant. With a cruising speed of 975 kilometres per hour (606 mph), the time proven and reliable Tu-154 is one of the fastest civilian aircraft in operation which has a range of 5,280 kilometres (3,280 mi). Capable of operating from unpaved and gravel airfields, it was widely used in extreme Arctic conditions where other airliners were unable to operate and where service facilities were very basic.

    Alicia Castro, Ambassador to the United Kingdom in the post meeting conference, also mentioned that current plans of Aerolineas Argentinas changeover to an exclusive Russian built fleet for Aerolineas Argentinas is part of the current government’s strategy to offset trade swap in goods instead of depending on obtaining international credit allowing for a complete modernization of the fleet.

    “The TU154 new service will prove that Argentina is committed to its territorial inhabitants best needs and remains serious about its promises for a peaceful solution with an opportunity to improve communications and the quality of life to the Islanders.”

    I don't know if eliminating service from LAN Chile is a good idea, but it seems so sincere... Plus, maybe this is the time to give CFK another chance to show that she only has the islander's best interests at heart.

    Brian, please share your comments.

    Sep 29th, 2014 - 05:39 pm - Link - Report abuse 0
  • Leiard

    Argentina's Economy could be going Off the Rails Soon

    Sep 29th, 2014 - 05:48 pm - Link - Report abuse 0
  • brianF.I

    @19 I'm not a colonist, if I am then so are you, calling that is insulting, my family has lived here for almost 150 years making this my country and home.

    Why would we give Argentina the monopoly over flights to and from the islands? Look how that turned out in '82. Our countries did cooperate in the past, most notably under President Menem, we cooperated in fisheries management, but Nestor Kirchner threw out these deals and ever since Argentina has constantly bullied and threatened us. You have arrested ships in international waters, threatened to arrest people who work in the fishing and oil industry, accused the British or 'militarizing' the south atlantic (the only reason the base is here is because of Argentine aggression). Forced cruise ships to avoid the falklands (which has cost many people a lot hear). You will not accept ships flying the falkland flag, and harass those who fly the British ensign. And worst of all, you refuse to accept us as a legitimate people, calling us squatters and colonist even though we have been here for over a CENTURY!!

    So basically, at this moment in time, no, we want nothing from your country, certainly not under the tin pot dictator. We will never trust your country until you recede your claim to my home and stop bullying us.

    Sep 29th, 2014 - 06:59 pm - Link - Report abuse 0
  • chronic

    Never realized that rotting roadkill raised so many sheep - @ 40,000,000 - that they can and regularly do lead to the shearing shed. This time only it may be to the killing floor instead.

    To the Sheep of rotting roadkill:

    Your Gringo Amigos salute you for your willingness to follow.


    Sep 29th, 2014 - 07:10 pm - Link - Report abuse 0
  • Brit Bob

    Just love INDEC the facts and figures don't add up, just like Argentina's illegitimate sovereignty claims.

    Little wonder that the country is rated down in 106th position in the Global Corruption Index.

    Sep 29th, 2014 - 07:11 pm - Link - Report abuse 0
  • Chicureo

    #21. Brian

    No insult was meant, but perhaps we should use the USA term: “Illegal Alien” instead. It's not your fault that your forefathers illegally occupied Las Malvinas and certainly the Argentine government made a few public relations errors in the 1980's, but this is the new era where instead of being forcibly resettled, the CFK government is offering amnesty and naturalization for the assimilation and political as well as cultural indoctrination to Argentine assimilation.

    Sep 29th, 2014 - 07:18 pm - Link - Report abuse 0
  • brianF.I

    24 Chicureo, and is not your fault your forefathers exterminated the indigenous population, so by your reasoning you have no right to Argentina, is that what you are saying. And even if we did 'illegally occupy the Falklands, that was 1833, so we have a right to say what happens to our country, we are in the same situation by your logic. And actually the civilian population stayed in 1833, only the garrison was expelled, the last woman of that population to die is buried in Stanley cemetery.

    I have never understood Argentinas position on the falklands, you have held de facto control for little over 2 years in 2 centuries, to bring up territorial grievances from the 1800's is stupid and dangerous, by your logic peru and bolivia should be one country again.

    Also, have you ever been here, or have any intention to visit? Should you illegally take my country and home, would wish to live here? What do you even know of this place? And please do not call me an illegal alien, i have lived here my whole life, it is my home, not yours.

    Sep 29th, 2014 - 07:30 pm - Link - Report abuse 0
  • Brit Bob

    @24 Chicureo

    'The Court thus judged that the original title ceases to be valid if there are new facts to be considered on the basis of new law,' judge de Castro Western Sahara Advisory Opinion 16 Oct 1975.

    Therefore the alleged inheritance from Spain and the alleged usurpation of Argentine settlers is all irrelevant because of the UN Charter, a constitutional treaty that confirms that 'the wishes of the inhabitants are paramount' All backed up by 4 ICJ Advisory Opinions and 1 Judgment that state or confirm that 'the right to self-determination is applicable to ALL NSGTs.' Add 'immemorial possession' 'extinctive prescription' and Argentina's acquiescence - its failure to bring its case to the PCIJ / ICJ during the past 92 years means that Argentina does not have a sovereignty case.

    Sep 29th, 2014 - 07:55 pm - Link - Report abuse 0
  • Chicureo

    #25. Brian

    My apologies for possibly offending you. It's typically common for imperialist governments to politically brainwash their colonists into believing their legitimacy while illegally occupying lands that they had forcibly seized.

    Anyway, your future will greatly be improved with the new air links to the mainland. You will not need to carry a passport to visit your legitimate homeland as the Argentinian government would issue complementary citizenship to all legitimate inhabitants of the islands. (You would also be allowed for the interim to retain your current passport.). Also, the advantages of a direct Buenos Aires - “Port Stanley” route would provide:
    1. Lower Airfares.
    2. Faster access to international routes.
    3. Increased tourism to boost the islands economy.
    4. It's highly doubtful the aircraft would be a target of asset seizures.
    5. No longer having to put up with those obnoxious Chileans in Punta Arenas and Santiago...

    Sep 29th, 2014 - 08:05 pm - Link - Report abuse 0
  • Brit Bob

    @27 Chicureo

    Forgot to add, 'Conquest and Subjugation' a legal method of acquiring territory in the 19th century and how Argentina legally obtained title to Patagonia.

    Remember a sovereignty claim without a case is 'illegitimate.'

    Sep 29th, 2014 - 08:08 pm - Link - Report abuse 0
  • ChrisR

    @ 24 Chicureo

    I hope you have plenty of breaking strain on that line now you have set the hook.

    Naughty boy. :o)

    Sep 29th, 2014 - 08:17 pm - Link - Report abuse 0
  • Chicureo

    The people only wish to embrace our Malvinas brothers into our national family as productive content citizens that enjoy our rich culture and nations wealth.
    Our dear and glorious leader will do everything possible to protect the islanders from outside foreign threats, financial as well as militarily.
    “The Malvinas cause is the symbol of national unity and will only come to an end when Argentina has the definitive and full possession of the Islands, which includes air and ship services. “ said President Cristina Fernandez “is prepared to exhaust all resources”. The Malvinas dispute will not be over until Argentina has full and definitive possession of the Malvinas and the Argentine flag flies in the Islands.”

    Sep 29th, 2014 - 08:22 pm - Link - Report abuse 0
  • La Patria

    @30 sorry pal, but from reading your comments you sound like you're either completely deluded or having a laugh. I can't believe that any one actually buys into the CFK crap to the extent that your postings show. Are you Maximo in disguise?

    Sep 29th, 2014 - 08:41 pm - Link - Report abuse 0
  • ElaineB

    So Argentina is declared in contempt of court. No wonder CFK is tweeting up a storm.

    Sep 29th, 2014 - 08:41 pm - Link - Report abuse 0
  • Chicureo

    This is soooo unfair.
    These vulture funds are destroying the world and characters like Chris R are ruining my fishing.
    Let me assure everyone that the three Tupolev 154 aircraft will not be affected by this ridiculous silliness by the American courts due to the evil conspiracy against the peaceful peoples of Argentina.
    #31. No, Maximo is far more handsome, richer and with a far larger trouser size... way larger...

    Argentina Found in Contempt by N.Y. Bond Fight Judge
    By Bob Van Voris Sep 29, 2014 1:16 PM PT Bloomberg

    Argentina has been found in contempt of court by a U.S. judge overseeing a bond dispute between the South American nation and hedge funds holding defaulted bonds.

    U.S. District Judge Thomas Griesa in Manhattan made the ruling today and said he’d decide on a penalty later.

    Investment firms led by Paul Singer’s Elliott Management Corp. urged the judge to find Argentina in contempt for failing to abide by his orders to pay the defaulted debt. A contempt ruling undermines “the dignity of foreign states,” Argentina said in urging Griesa to deny the hedge funds’ request.

    Sep 29th, 2014 - 08:55 pm - Link - Report abuse 0
  • toooldtodieyoung

    25 brianF.I and 31 La Patria

    Relax guys!!

    Friend Chicureo is having a laugh at the expense of our dear enemies in argentina.

    Having read his above posts ( more than once ) and having seen some of his most excellent responses on other threads, I can say that we have nothing to worry about ( although his wit does sometimes take a bit of getting used to!! )

    Sep 29th, 2014 - 09:06 pm - Link - Report abuse 0
  • Chicureo

    #34. A curse on you ...toooldtodieyoung,

    The Tupolev 154 scam has been repeatedly successful. You and ChrisR is ruining my fishing that has hooked countless posters. For the record, never trust and old navy signals clerk as we are masters of deception.

    God bless the Falklands and their rightful inhabitants!

    Sep 29th, 2014 - 09:26 pm - Link - Report abuse 0
  • RRolfe

    @ 35 Chicureo
    Very sportsman of you, playing catch and release. I see you had a nibble over at the “Record Soybean ...” board (yankeeboy no less!; I guess your sarcasm is just a little too subtle today).
    Have fun, but don't let out quite so much line this time, I doubt that the hook is set quite so deep as here. :)

    Sep 29th, 2014 - 10:01 pm - Link - Report abuse 0
  • redp0ll

    Some bright flies you have been casting Chicureo. Get a rise every time. Perhaps you should give Mr Think a fishing lesson or two?

    Sep 29th, 2014 - 11:33 pm - Link - Report abuse 0
  • Chicureo

    #37. Redpoll

    Fishing for Señor THINK is like catching an electric eel.

    I prefer catching trolls, you cut them up and use for bait.

    Sep 30th, 2014 - 12:02 am - Link - Report abuse 0
  • Doggy Rap

    “Official figures released last week showed GDP growing 0.9% in the second quarter, up from a contraction of 0.5% in the quarter before.”

    Figures from the people who claimed that the inflation in 2009 through 2013 was below 11% a year.

    INDEC has lied to us since 2007, why shouldn't they be trustworthy now, when the publish totally unbelieveable figures?

    Sep 30th, 2014 - 05:32 am - Link - Report abuse 0
  • yankeeboy

    38. An electric eel? Methinks not, more like catching a muddy old shoe, long out of style and forgotten.

    Sep 30th, 2014 - 12:38 pm - Link - Report abuse 0
  • redp0ll

    @38 I am shocked that you should Think that!

    Sep 30th, 2014 - 03:13 pm - Link - Report abuse 0
  • Heisenbergcontext


    Lol. Good one.

    Sep 30th, 2014 - 03:36 pm - Link - Report abuse 0
  • Leiard

    Argentina’s LNG queues in the Atlantic.

    “There are seven laden tankers waiting off the coast of Argentina – two have been there for almost two weeks”

    “On top of those seven cargoes there are two other tankers heading to Argentina, and they are four days away”

    “Argentina’s Central Bank has not released the funds for “at least three” LNG cargoes ”

    Sep 30th, 2014 - 06:16 pm - Link - Report abuse 0
  • ChrisR

    We put our clocks forward on Sunday 5th October (this Sunday) and although I bought four bottles of supergas (Propane) ready for the winter back in May, the weather has been so good I have not even gotten the fires out of storage this winter.

    Just hope we don't pay for it with another poor summer season.

    Looks like the weather saved the arses of the crooks in TDC.

    Sep 30th, 2014 - 10:17 pm - Link - Report abuse 0

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