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Argentine economic activity slumps 1.2% in August reveal official stats

Friday, October 24th 2014 - 06:38 UTC
Full article 34 comments

Argentina's economic activity index slumped 1.2% in August compared with the same month a year earlier, official data showed on Thursday, underscoring a slowdown in Latin America's third-largest economy. Read full article

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  • chronic

    Marvel comics are more credible and much more intellectual stimulating than Indec reports.

    Oct 24th, 2014 - 08:00 am - Link - Report abuse 0
  • ChrisR

    I wonder what the REAL number was?

    3 / 4 / 5 %, maybe more?

    Who knows, even INDEC doesn't.

    Oct 24th, 2014 - 10:41 am - Link - Report abuse 0
  • yankeeboy

    I am sure the 50% INCREASE in gov't spending will get them out of this slump.

    snicker

    Oct 24th, 2014 - 10:57 am - Link - Report abuse 0
  • Briton

    She stated that they were firing on all cylinders,

    perhaps these were indeed Blanks..lol

    Oct 24th, 2014 - 12:57 pm - Link - Report abuse 0
  • Nostrum of NostrolL

    A closer look at the USA economic miracle:

    http://www.huffingtonpost.com/2014/10/19/florida-governors-race_n_6010516.html

    And that's with interest rates at ZERO and fairly low commodity prices, plus a still inflatable dollar.

    Wait till interest rates inevitably soar, commodities and oil triple, and people dump the USA dollar.

    I can't wait to see it, it will be one big fireworks show :)

    Oct 24th, 2014 - 02:58 pm - Link - Report abuse 0
  • yankeeboy

    5. You think that's whats going to happen?
    Bahahahhaaa
    We'll be self sufficient with fuel in 5 yrs maybe less no matter what the price ends up being.
    Dump the U$ and go into what exactly? Ruble? Yuan? Euro?

    What a silly fool you are.
    You need to take a economics class.

    Oct 24th, 2014 - 04:34 pm - Link - Report abuse 0
  • ChrisR

    @ 3 yankeeboy
    “I am sure the 50% INCREASE in gov't spending will get them out of this slump.”

    You meanie!

    I think they should double it and make sure. :o)

    Oct 24th, 2014 - 04:57 pm - Link - Report abuse 0
  • Nostrum of NostrolL

    In slow growth periods government spending can counterpoise the cowardnesss of the private sector.

    Oct 24th, 2014 - 04:59 pm - Link - Report abuse 0
  • yankeeboy

    8. Not when you already have 40+% inflation. Most countries when they are in a recession have no inflation.
    Yet the Won decade gave you something that is almost impossible. Inflation and recession. Increased gov't spending as I have been saying will move you quickly into Hyperinflation and depression.

    Toby, sometime the depth of your ignorance leaves me breathless.

    Chris, They were dumping $200 BILLION into the economy from Sept to Dec. BEFORE the deep recession now it will be even more. They'll be into 3 digit inflation next year if they keep this up.

    Oct 24th, 2014 - 05:03 pm - Link - Report abuse 0
  • Nostrum of NostrolL

    inflation in recession is better than deflation in recession. You can never get out of the latter.

    Your ignorance is appalling.

    Oct 24th, 2014 - 05:07 pm - Link - Report abuse 0
  • yankeeboy

    Its obvious you've never taken an economics class.

    I hope you haven't sold your sugar yet.

    If you think its bad now wait for 2015.

    I will laugh and laugh as I watch BA quickly turn into Caracas.

    Oct 24th, 2014 - 05:11 pm - Link - Report abuse 0
  • Nostrum of NostrolL

    Yeah, and what about the debt with recession and deflation??? That's a death spiral for any country, contracting GDP increasing debt ration, and DEFLATION increasing debt load.

    You dunce.

    Oct 24th, 2014 - 05:15 pm - Link - Report abuse 0
  • chronic

    Here trolly, trolly, trolly . . . munch on this:

    10/30/'14 the pars become subject to acceleration for . . . . . . . . . . . . $14,000,000,000.00. lol. Who knows, maybe they'll pull the trigger and this will all be over before Christmas!

    Oct 24th, 2014 - 05:18 pm - Link - Report abuse 0
  • yankeeboy

    12. Toby, Sorry but I am not following you, Argentina has lots and lots and lots of Debt. More than you did in 2001. Basically every gov't entity is bankrupt, AA, ANSES, BCRA. You'll have MASSIVE inflation until the system collapses like it did in the late 80s, then you'll enter a depression to bring the prices down. Like in 2001.
    Of course you're not old enough to remember any of this but you'll see it for yourself soon enough.
    You're entering a time period unlike anything anyone has ever seen.
    It is quite fascinating.

    Oct 24th, 2014 - 05:23 pm - Link - Report abuse 0
  • Briton

    Why do those in the gutter, condemn those on the sidewalk that may well try to help them.

    Oct 24th, 2014 - 06:16 pm - Link - Report abuse 0
  • GeoffWard2

    If the economy was red hot and bursting with production, a 1% per month would be a disaster. But if it is already pretty non-existent, a 1% per month drop is, at the margin, meaningless.

    Of course, the 1% may be a highly massaged figure.

    Oct 24th, 2014 - 06:36 pm - Link - Report abuse 0
  • ChrisR

    @ 16 GeoffWard2
    “may be”

    LOLs.

    Oct 24th, 2014 - 06:40 pm - Link - Report abuse 0
  • yankeeboy

    Its like China mandating 7% growth, lo and behold its 7% or you lose your job or you die or you just make 7% more products regardless if there are buyers or not.
    Silly places don't realize they are only hurting themselves.

    Nobody cares if Argentina fails but I am very worried about China. Their numbers look really really bad even the fudged ones!

    Oct 24th, 2014 - 06:44 pm - Link - Report abuse 0
  • Brit Bob

    Perhaps it's something to do with Argentina's rating in the Index of Economic Freedoms where it has been rated down in 166 position out of 178 countries.

    http://www.heritage.org/index/ranking

    Oct 24th, 2014 - 07:10 pm - Link - Report abuse 0
  • dsullivanboston

    you got to love it, an Argentine giving economic advise...... Could there be anywhere on the earth less knowledgeable?

    Oct 24th, 2014 - 07:58 pm - Link - Report abuse 0
  • yankeeboy

    20 Not since The Weimar Republic.

    Oct 24th, 2014 - 08:43 pm - Link - Report abuse 0
  • Nostrum of NostrolL

    Well certainly, Argentina should learn from the pros in the USA, where 8 years after the crisis that began in 2007, average net worth still is below the peak, and where the average wage is the worst in 47 years, and inequality the highest in centuries.

    Now that sounds like a wonderful place to build a future... hahaha.

    The UK with its fake real estate induced growth, and the constant cheating and corruption of currency, and interest rate manipulation by banks and government sounds like another economic paradise.

    Get out of here, your countries are worthless as examples of economic stewardship. Germany was the only one, and now they are stumbling too.

    I stick with Argentina.

    Oct 25th, 2014 - 03:08 am - Link - Report abuse 0
  • Anglotino

    Here is the wealth share of the top decile in some previously mentioned countries:

    2014
    United States 74.6%
    ARGENTINA 71.8%
    Germany 61.7%
    Canada 57%
    United Kingdom 54.1%
    Australia 51.1%

    2007
    United States 74.8%
    Germany 61.7%
    ARGENTINA 59.9%
    Canada 58%
    United Kingdom 52%
    Australia 50.7%

    So in the past 7 years, Argentina has actually gone backwards in wealth distribution and had a major climb in concentration of wealth in the richest part of the population.

    No rivalling the US! Soon to surpass?

    publications.credit-suisse.com/tasks/render/file/?fileID=60931FDE-A2D2-F568-B041B58C5EA591A4

    Oct 25th, 2014 - 09:20 am - Link - Report abuse 0
  • yankeeboy

    Income gap= Socialist red herring
    Only people with low intelligence or a Socialist care about an income gap.

    Poor idiot Toby, throws out terms he's read on his Alternative Liberal news sites and pretends to know what they mean.
    Poor thing knows nothing about economics.

    Oct 25th, 2014 - 11:51 am - Link - Report abuse 0
  • GeoffWard2

    I have no idea, Anglotino, how these lists (?) of six countries represent deciles.

    Is the data presented representative of income disparity? It is impossible to say - and the link is corrupted so we may never know.

    But let's pretend that that we know that it is Income Disparity .
    ... 'ARGENTINA 71.8%'
    Anglotino, this is a 'BAD thing', not a 'good thing'.
    It means that there is a block of very rich people and the rest are very poor.
    I can't believe that you think that this is good for the people of Argentina!

    Oct 25th, 2014 - 04:30 pm - Link - Report abuse 0
  • ChrisR

    @ 25 GeoffWard2 to quote Anglotino:
    “So in the past 7 years, Argentina has actually gone backwards in wealth distribution and had a major climb in concentration of wealth in the richest part of the population”

    With 2014 at the top and 2007 at the bottom, Anglotino is correct as are you in an arsy-varsy way. :o)

    Oct 25th, 2014 - 05:23 pm - Link - Report abuse 0
  • Anglotino

    GeoffWard2

    Agreed, this is a wholly bad thing. As I said “Argentina has actually gone BACKWARDS”.

    It was in response to the claim made about how bad the US is.

    “Is the data presented representative of income disparity?”

    Wealth concentration. However you can only concentrate wealth if you have income disparity.

    Hope the link works this time.

    https://publications.credit-suisse.com/tasks/render/file/?fileID=60931FDE-A2D2-F568-B041B58C5EA591A4

    Oct 25th, 2014 - 11:18 pm - Link - Report abuse 0
  • ilsen

    When will Cristina be deposed?

    Oct 26th, 2014 - 12:51 am - Link - Report abuse 0
  • Nostrum of NostrolL

    When will Tony Blair be arrested by UK authorities?

    Oct 26th, 2014 - 02:14 pm - Link - Report abuse 0
  • ilsen

    ummm.... the article is about Argentina's economy. What have foreign ex-politicians got to do with it?

    Oct 26th, 2014 - 03:20 pm - Link - Report abuse 0
  • GeoffWard2

    Perhaps, after all these years, the enquiry into the culpability of Blair might report its findings - though I doubt it.

    He SHOULD be arrested and imprisoned for his lifetime; there is no death sentence in the UK.

    Oct 26th, 2014 - 04:34 pm - Link - Report abuse 0
  • ChrisR

    @ 31 GeoffWard2

    I agree, but don’t forget his partner in crime ‘The Cunt Brown’ © Jeremy Clarkson 2010, he is just as guilty on so many, many fronts.

    Oct 26th, 2014 - 05:40 pm - Link - Report abuse 0
  • Captain Poppy

    Ilsen tranny boi (#29) has bloggers Touretts. He just blurts out anything and everything.

    Buenos Aires insists the Economists are lying about the drop. In fact he “Stressed” there was actually improvement. You see the failure in the economists model is that it includes food, energy, gasoline, clothing, whereas the Indec model only includes taxation and government handouts, drugs and alcohol. Knowing that.....one would be foolish to believe the economists model.

    Oct 27th, 2014 - 01:40 pm - Link - Report abuse 0
  • ilsen

    paulie has now caught the same disease it seems.
    The End is Nigh! They are all gettin' real sick...

    Oct 27th, 2014 - 08:28 pm - Link - Report abuse 0

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