MercoPress. South Atlantic News Agency
IMF estimates Argentine economy will contract 0.3% this year and expand 0.1% in 2016
The International Monetary Fund, IMF, cut its growth estimates for Argentina for this year forecasting a 0.3% contraction followed by a shy recovery of 0.1% in 2016, the first post-Kirchner year. The data is from the IMF World Economic Outlook released on Tuesday in Washington. Read full article
Comments
Disclaimer & comment rulesEverybody is waiting for Cristina to go, so they can get on with their lives again.
Apr 15th, 2015 - 08:09 am - Link - Report abuse 0Overcoming that level of inflation will be a big challenge for the next government. I hope the people remember with whom the blame rests.
The IMF is working off false economic indicators. The economic contraction will be far worse as inflation alone has been double what is officially reported.
Apr 15th, 2015 - 11:10 am - Link - Report abuse 0Inflation isn't the main problem. They're out of U$ and have a negative trade balance.
Apr 15th, 2015 - 11:44 am - Link - Report abuse 0They've never been worse off.
BTW Soy farming went unprofitable yesterday.
:)
1 ilsen,
Apr 15th, 2015 - 04:36 pm - Link - Report abuse 0“Everybody is waiting for Cristina to go, so they can get on with their lives again”
I agree, but she can't afford to go - too dangerous now!
Everything is unravelling and she'll be the scapegoat unless she keeps loyalists in control.
I wonder how long F-Max can keep the train on the rails until he has to run or clamp down like Maduro... ?
The 0.1% recovery in 2016 is due entirely to the relief of seeing the end of Mrs Kirchner. The worst President in Argentine history including the Military Dictators.
Apr 15th, 2015 - 05:22 pm - Link - Report abuse 0What we all KNOW, is that TMBOA has salted all the money she can possibly get outside the country.
Apr 15th, 2015 - 05:22 pm - Link - Report abuse 0Even she is not so stupid as to leave big money in TDC, the next President will nick it, just like she has!
As someone who actually lives here, I say the numbers are complete shit!
Apr 15th, 2015 - 07:11 pm - Link - Report abuse 0The economy will contract more this year and increase more next year when Macri steps in. Yes he will have a can of worms on his hands, but at least investors will have confidence in him.
Inflation is probably around 30% this year, judging by the prices so far.
I wonder how much more misery CFK will create before she goes.
Apr 15th, 2015 - 07:44 pm - Link - Report abuse 0@ 7 Klingon
Apr 15th, 2015 - 07:52 pm - Link - Report abuse 0Of course you are right! Why can't the truth be told?
@9 gordo1
Apr 16th, 2015 - 12:58 am - Link - Report abuse 0“Why can't the truth be told? ”
just ask Nisman...
oops!
7. There is a Tsunami of inflation coming 1st or 2nd quarter or 2016 and BCRA is negative 10s of Billions of U$.
Apr 16th, 2015 - 01:47 am - Link - Report abuse 0Macri can't fix anything.
If he's lucky he'll get the USA to fast track an IMF bailout.
I don't think he'll be lucky.
Soy collections are down 33% yoy.
MFG and Exports are at a standstill
2016 will be much much worst than 2015
and there's really nothing anyone can do about it.
Isn't amazing that with such “catastrophic” state of the economy Argentina and its government continues to forge ahead with strong citizen support?
Apr 16th, 2015 - 03:17 am - Link - Report abuse 0Cristina's approval rate remains high at the end of her second term, even without possibility of re-election.
The firm Ibarómetro released results of a poll done in the Province of Buenos Aires between March 20 and 23 noted CFK's positive image was 49,4 per cent.
A week before, the firm Poliarquía said CFK's acceptance level is 40 per cent.
The primary election in the Province of Salta (the first test of voters' mood in the country in anticipation of the October national election) gave over 47 per cent of ballots to the current kirchnerist governor, with his closest rival getting less than 33 per cent.
Something is probably wrong with this picture if we believe the accuracy of the panorama depicted in the above comments.
That's not amazing.
Apr 16th, 2015 - 08:04 am - Link - Report abuse 0That's peronism brainwashing.
None of us are surprised.
Poverty is probably around 40-50% at this point. That's who the KThugs pay and that who supports them.
Apr 16th, 2015 - 11:25 am - Link - Report abuse 0We have the same % aberrations in the USA, about 47% of the population gets some sort of Gov't payment...they support Dems. The other 47% pay in, they're Repub and the elections are won with the middle.
Poor Reekie, did you support Chavez too?
Yeah you probably did
Loser.
Gonna be so funny when the next arg president also tells singer to go fk himself again.
Apr 17th, 2015 - 11:54 am - Link - Report abuse 0He'll be cold in the ground before the holdouts see a cent.(of the original offer).
Why is that funny?
Apr 17th, 2015 - 01:25 pm - Link - Report abuse 0Singer doesn't have the money now anyway.
And Argentina is still in default.
Not funny. Just reality.
15. The next Prez will be out of U$ and has no where to turn. They could decide to take the same stance as CFK but I don't think they have that luxury.
Apr 17th, 2015 - 01:54 pm - Link - Report abuse 0The court cases are moving along in the USA, NML and all the investors that have piled on will soon have the list of Arg assets outside of Arg. Then they can start seizing them.
It won't be too much longer now.
oh yeah ... not long.
Apr 18th, 2015 - 02:40 am - Link - Report abuse 0yip.
Sistah, 78% of BCRA “reserves” are from short term loans due right after the next Prez takes over.
Apr 19th, 2015 - 01:00 pm - Link - Report abuse 0tik toc
kaboom
:)
Yeah tick tock.
Apr 21st, 2015 - 07:07 am - Link - Report abuse 0Like last year
I know! The anticipation is delightful isn't it?
Apr 22nd, 2015 - 12:11 pm - Link - Report abuse 0Did you hear that they are forced to perform Mastectomies in Venezuela since they don't have any cancer meds any longer.
I hear the Childrens Hospital can't perform surgeries any longer because they don't have heat.
Tic toc
tic toc
25 YB
Apr 22nd, 2015 - 03:59 pm - Link - Report abuse 0“ Did you hear that they are forced to perform Mastectomies in Venezuela since they don't have any cancer meds any longer.”
“I hear the Childrens Hospital can't perform surgeries any longer because they don't have heat.”
Both are tragic and sad statements on the human toll that is being taken by Maduro's government.
It's shocking that a so-called “Socialist” government cannot manage the bare necessities for its people- health care and medication, or even food and fuel.
An oil-rich state that can't fuel the heat for its hospitals...
Vestige, Stevie, Marcos, Think... great to see the success of your Populist Utopian model - a warning to all.
Argentines wake up - this is your future under the Peronists!
Argentina will belong to China within 25 years.
China and Russia already own all your petro-futures - locked in, until THEY decide it is profitable for them to exploit it.
Did you notice that the aircraft offered by China and Russia are configured for Air to Ground attack, without long range capability to go very far to a neighbouring state ?
What will they be used against??
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