MercoPress. South Atlantic News Agency
Argentina's economy picks up 1.1% during first quarter compared to a year ago
Argentina's GDP increased 1.1% during the first three months of 2015 compared to the same period last year, boosted by the domestic market and growths in the agricultural and construction sectors, the official Indec statistics bureau has revealed. This is the second quarter running that records an advance, following a drop in last year's third quarter. Read full article
Comments
Disclaimer & comment rulesGads what lies. How could GDP increase when there's 30-40% inflation and exports are running 30% + less than last year and mfg is down for the 22nd straight month.
Jun 28th, 2015 - 11:57 am - Link - Report abuse 0Do the Kidiots think anyone will believe this?
Silly fools they're only fooling themselves and making their people poorer and dumber every day, day in and day out.
I'd like this to be true except INDEC has a proven track record of lying.
Jun 28th, 2015 - 11:58 am - Link - Report abuse 0The “trade surplus” may have increased only because BCRA didn't count or pay for stuff when they should have.
Jun 28th, 2015 - 12:09 pm - Link - Report abuse 0Its estimated they owe U$9B in over due payments to importers.
Everyone is demanding Cash Before Delivery now.
The float they've used for so long is gone.
It won't be long now before it comes to a head.
They're done exporting Grains so there's nothing left until next year.
I will tell you what is true.
Jun 28th, 2015 - 03:57 pm - Link - Report abuse 0The Chilean economy is a disaster. I knew anecdotally it was pretty sluggish, but not that it was so bad.
In the post-game coverage of Chile's rectal examination of Uruguay, during which both sides also played bits of football, all the TVN broadcasters would harp back on is how “this is a needed victory for a country that has lost its way, that is paralyzed by strikes and conflicts, whose economy just wont start and is stuck in the mud”.
Then when they interviewed fans, they all said the same thing.
Meanwhile, during the Paraguay-Brazil match it was said attendance was lower from Brazil and Paraguay due to the problems there. I thought Paraguay was some new found capitalist paradise.
Then we see what is going in Europe.
Yep, INDEC is at it again.
Jun 28th, 2015 - 04:55 pm - Link - Report abuse 0Things are worse all over Latin America, Argentina has the best economy again, regaining in the last 2-3 months this position.
Jun 28th, 2015 - 05:17 pm - Link - Report abuse 0Europe is a mess, UK growth down to almost 0% in early 2015. Things will get much worse there.
USA is about to collapse yet again, rich investors are already cashing out of there.
Since the Kirchners are in government, they have rejected the traditional austerity recipes promoted by the IMF and other world financial players.
Jun 28th, 2015 - 07:00 pm - Link - Report abuse 0Instead, through much-decried measures such as the Universal Child Allowance they sought to integrate the poorest, allowing them to live better and consume, increasing the domestic economy's strength.
That is why things such as “The good performance of farming has been decisive in the encouraging data despite the fall in commodities international prices” may happen today in Argentina.
That is why the country is doing relatively well in a sluggish world economy, while the weakest European countries have gotten caught in the “pay now or else” logic of the IMF and the EU and are in a situation similar to Argentina in 2001.
Some posters in this board are choosing to dismiss good news as pure fabrication. They will, however, take as fact any rumour without proof if that speaks bad about CFK and Argentina.
As they say, what is good for some is disaster for others...
@6. Two chances. Argie peronistas will cheat, lie, steal and take power. Ordinary argies will suffer, starve and die. Or argies will die in their tens of thousands.
Jun 28th, 2015 - 07:47 pm - Link - Report abuse 0@7. Pity about the inflation. The industrial collapse.
Nostradamus yankeeboy prophecies wrong again.
Jun 28th, 2015 - 09:56 pm - Link - Report abuse 0A child with simple math skills can figure out INDEC and BCRA numbers are wrong and not just a little wrong but laughably wrong.
Jun 28th, 2015 - 10:00 pm - Link - Report abuse 0Silly Kidiots know it too.
They're just too embarrassed to admit it.
I am gleefully waiting to watch middle class housewives street fight over the last bag of beans.
Just like in Venezuela.
:)
Go ahead, grab a tissue to wipe your tears Fred :-))
Jun 28th, 2015 - 10:10 pm - Link - Report abuse 0#10 Yankee boy
Jun 28th, 2015 - 10:17 pm - Link - Report abuse 0Of course Argenting has the best economy in Latin America!
Did you know the poverty rate there is less than 5%?
If you compare where Chile's economy was before Bachelet's second term and the present; Chile's economy from our viewpoint is certainly a disaster! Comparing Chile's economy to that of Argentina however is laughable and pathetic...
Those are Tears are from laughing so much at how stupid Rgs are...
Jun 28th, 2015 - 10:17 pm - Link - Report abuse 0Some call them tears of joy
Think/Voice/Vestig/ Marcos
http://www.ieco.clarin.com/economia/diluvio-pesos-llegar-octubre_0_1384061876.html
Tsunami of Inflation
Brr
:)
Those are Tears for your golden Rolex stolen in the middle of Recoleta :-)))
Jun 28th, 2015 - 10:53 pm - Link - Report abuse 0If Chile's economy is so good and every product the world over is available, why have more television and reporting equipment been stolen than in any other Copa America?
Jun 29th, 2015 - 01:41 am - Link - Report abuse 0I bring it up not to get an answer, but to see the loser of Chichureo continue to dodge the question and completely ignore the issue.
1.1% GDP YoY growth and they're celebrating!
Jun 29th, 2015 - 02:24 am - Link - Report abuse 0Well the line up of Argentinean duces continues with these beauties:
Nostrils says:
“Things are worse all over Latin America, Argentina has the best economy again, regaining in the last 2-3 months this position.”
GDP YoY Growth with GDP QoQ Growth in brackets
Dominican Republic 6.6% (4.9%)
Bolivia 5.98% (2.8%)
Panama 5.9%
Guatemala 4.4%
Paraguay 4.2% (0.7%)
Uruguay 4.0% (0.6%)
Guyana 3.6%
Nicaragua 3.6%
Ecuador 3.5% (0.5%)
Suriname 3.4%
Honduras 3.1%
Colombia 2.8% (0.8%)
Haiti 2.8%
Mexico 2.5% (0.4%)
Chile 2.4% (1.04%)
Peru 1.7% (0.5%)
Cuba 1.3%
ARGENTINA 1.1% (0.2%)
During 2014 the total circulation of banknotes rose from 4.1298 billion to 4915.0 million (19%). But of the 785.2 million who joined banknotes, 696.3 million (ie 9 out of 10) were 100 pesos.
Jun 29th, 2015 - 12:50 pm - Link - Report abuse 0http://www.lanacion.com.ar/1805826-por-no-emitir-un-billete-mas-grande-el-bcra-multiplico-por-4-el-gasto-de-impresion
bahahahahahaa
Kidiots
Who do they think they're fooling.
Maybe idiots like Marcos/Think/Voice/Vestige and Reekie
You've got to be pretty dumb with no math skills not to see what's happening in Argentina.
The anticipation is delightful.
@Skip
Jun 29th, 2015 - 01:35 pm - Link - Report abuse 0Te problem with your list is that the average country listed there with the exeption of Colombia, Peru, Chile and Mexico hardly have a GDP of $50bn (PPP).
And for the rest Argentina's GDP is 3 times the size of some countries measured in PPP like Chile or Peru.
So a little investment will grow % Grow to high numbers while in reality nothing changes.
Argentina has been in recession since 2011. Any growth is pure fantasy. When the numbers are audited I think you'll find that on every point Argentina is worse off than in 2000.
Jun 29th, 2015 - 01:56 pm - Link - Report abuse 0It won't be long now, the BCRA float is gone and the short term “pay day” loans from China and France are coming due.
Should be fund to watch.
Its a long time now that Yankee has been saying 'it won't be long now'.
Jun 29th, 2015 - 02:22 pm - Link - Report abuse 0Yeah... should be fund.
Fund when he's repeating it to the nurse.
Not long now....not long now...are those my dentures....are you my wife....I want to go home...not long now.
Oh my picking on typos.
Jun 29th, 2015 - 02:26 pm - Link - Report abuse 0That's a champ.
Stupid Rg through and through
It won't be long now tho.
Look how long it took Venezuela to collapse.
Long time and they had oil.
What does Arg have?
Nothing anyone is willing to pay much for
What happens next year when there's not enough gas for the tractors
think you'll be back to using Ox?
Silly stupid Rgs.
@YankeeBobo
Jun 29th, 2015 - 03:46 pm - Link - Report abuse 0You have been for years with differents names predicting the Argentina collapse like The Economist...
As time goes on I saw US economy near to collapse, entire US cities going bankrupt and even now an associated State like PR going belly up...
But Argentina collapse never happen...
I can tell you for sure that I will see the collapse of Greece, Spain, Italy and UK before Argentina collapses, no so bad for a collapsing country. doesn't it?
BTW, are you already saving to pay Puerto Rico external debt?
Someone told me that it is close to 80bn or may be more...
Oh!, oh!, oh!, poor YankeeBobo not even able to pay his own debt now has to pay PR debt.
BTW have you seen how US debt is growing faster and faster on these days? nope?
$18.285Trillions debt... and this is the little part
http://www.usdebtclock.org/
How your Peso investment going?
Jun 29th, 2015 - 03:52 pm - Link - Report abuse 0I will say if we had stats like Argentine we'd consider ourselves in collapse.
Alas the USA is growing, unemployment is down, all I see everywhere are new businesses opening and help wanted signs.
Remember I told Toby to buy garrafas when they were $17 now I hear they're $80 and going higher.
I hope you like cold food.
I can send you cat food if you get desperate.
All you have to do is write “all hail yankeeboy for telling us the truth when the gov't lies”
Brr.
@22
Jun 29th, 2015 - 04:17 pm - Link - Report abuse 0For all practical purposes, Argentina has already collapsed economically. It's just that people here are used to economical chaos as 'the normal' so the threshold for coining it as a 'economical collapse' is much higher than anywhere else.
Or what can you say in a country where 30+% of the population lives in _real_ poverty, where inflation is above 35% and it is illegal to save for a rainy day?
If Argentina's current state were to occur in any of the EU country (with exception of Greece) it would've been labeled as a complete economical meltdown, a financial catastrophe of biblical proportions. Only in Argentina is such madness 'business as usual'.
yankeeboy you love to predict the future. Did you have some problem with Argentina? People there where bad to you? I really wonder what happen to you there?
Jun 29th, 2015 - 04:38 pm - Link - Report abuse 0Everything Argentinian is bad, and will go bad according to you. Why so much resentment? Must be a reason a very personal one. Can you please tell us your experience there?
Let's see:
Jun 29th, 2015 - 04:45 pm - Link - Report abuse 0Expanding the metro light-rail lines both north and south. Plans for an east-west line already underway.
Two new malls under construction, including downtown.
A new freeway just opened to Tunuyan and the wine country.
New flights to Rosario, Sao Paulo, and Lima coming up.
Yeah, Mendoza in recession since 2011.. hahahahahahah. What an imbecile.
Still waiting for an explanation of the record wave of crime in Chile from Chichureo.
Yes Argentina has been in recession since 2011
Jun 29th, 2015 - 05:04 pm - Link - Report abuse 0I stand by my words
Of course nobody will know until a honest gov't gets in there.
and that may be never.
Anyhoo psql, I had a great time when I lived there. I bear no resentment to the avg Rg. I still have a number of friends there. I mainly have problems with the Kidiots on this board to are propagandists and defend the indefensible.
I am here to merely point out the obvious.
Anyone with simple math skills knows that BCRA and INDEC report nothing more than lies.
And your Prez is even worse.
The world makes fun of Argentinians.
Its not just me.
Here we go again for those of you that are a little slow . . .
Jun 29th, 2015 - 06:35 pm - Link - Report abuse 0Reeeekie writes: “Here It is, all the issues of a nation of forty-some million people explained in just seven words. We are all liars.”
http://en.mercopress.com/2015/05/15/cristina-fernandez-comes-out-strongly-in-defense-of-minister-kicillof
@Jonaz_BsAs
Jun 29th, 2015 - 07:05 pm - Link - Report abuse 0For the rainy days buy an Umbrella idiot, haha
“Si te gustan tantos los dolares porque mierda no te vas a USAMEX como hacen los Mexicanos y te dejas de joder?”
Ah! no lo pensaste eh Weon!
Translation for Mohammeds: “If you like so much US dollar why don't you go to USAMEX like the Mexican do?”
Pobre, Argentino y pelotudo, mas no se puede pedir en este foro.
Greetings from Chile Weon a country so rich and tired to see Argentinos pelotudos eating shit from the bins.
Todavia viviendo en la 31 che?
So sad, so sad
@YankeeBobo
Stop suffering for Argentina because you will get a heartbreak and if something happens to you where are we going to find another idiot like you to have so many fun?
Don't you never think about other people?
BTW none has ever told that your oppinion seems to be taken from Claudio Loser?
Well with that surname you know what you can expect...
Oh Dany, Don't worry about me. I am very happily in the USA enjoying a first world lifestyle. I am so happy not to see dirty broken streets, dead eyed children begging in the traffic or in restaurants, hordes of slum dwellers picking through garbage on city streets every night...I could go on and on.
Jun 29th, 2015 - 08:09 pm - Link - Report abuse 0My biggest problem right now is figuring out where to go on vacation since I haven't booked a vacation yet.
Its hard because I can go anywhere in the world anytime I want.
Too many choices
Too many choices...
@YankeeBobo
Jun 30th, 2015 - 12:01 am - Link - Report abuse 0“Oh Dany, Don't worry about me. I am very happily in the USA enjoying a first world lifestyle.”
Do you mean that your are on food stamp assistence and planning vacation to a shelter in Puerto Rico?
Oh! please you are so dumbass that cannot even use a good example to make your point.
If you consider travelling abroad as a matter of wealth I have to tell you that you have used the worst example.
Only 19% of US born national are passport holders and only 3.5% travel abroad.
So taking it as an indicator of wealth you area poor than the Argentinians because ARG passport holders travelling are close to 6% and not counting Args with double nationalities that most of them use European passport to travel abroad.
BTW how is your Apple stuff purchassing made in China?
Still believing that buying that crap make you feel a first world country citizen?
Make a trip to Distroy to see how the 3er world looks like in USAMEX.
This slum is what you consider the first world?
https://www.youtube.com/watch?v=SiEmm81ViSc
https://www.youtube.com/watch?v=SiEmm81ViSc
Dany, The only thing growing in Argentina are the slums.
Jun 30th, 2015 - 12:51 am - Link - Report abuse 0You're a pitiful creature that knows nothing about how the real world works.
That's why Rgs continue to embarrass themselves time and again on the International stage.
The best you can hope for is to clean someone's pool in the USA.
Or maybe paint a house.
That's all you're good for...
1.1% GDP YoY growth and they're celebrating!
Jun 30th, 2015 - 02:14 am - Link - Report abuse 0Well the line up of Argentinean duces continues with these beauties:
Nostrils says:
“Things are worse all over Latin America, Argentina has the best economy again, regaining in the last 2-3 months this position.”
GDP YoY Growth with GDP QoQ Growth in brackets
Dominican Republic 6.6% (4.9%)
Bolivia 5.98% (2.8%)
Panama 5.9%
Guatemala 4.4%
Paraguay 4.2% (0.7%)
Uruguay 4.0% (0.6%)
Guyana 3.6%
Nicaragua 3.6%
Ecuador 3.5% (0.5%)
Suriname 3.4%
Honduras 3.1%
Colombia 2.8% (0.8%)
Haiti 2.8%
Mexico 2.5% (0.4%)
Chile 2.4% (1.04%)
Peru 1.7% (0.5%)
Cuba 1.3%
ARGENTINA 1.1% (0.2%) this is the best economy?
Brazil -1.6% (-0.2%)
Venezuela -2.3% (6.8%)
Nostrils says:
“Europe is a mess, UK growth down to almost 0% in early 2015. Things will get much worse there.”
Enrique says:
“That is why the country is doing relatively well in a sluggish world economy, while the weakest European countries have gotten caught in the “pay now or else” logic of the IMF and the EU and are in a situation similar to Argentina in 2001.”
GDP YoY Growth with GDP QoQ Growth in brackets
Moldova 4.8% (0.7%)
Romania 4.3% (1.6%)
Czech 4.2% (3.1%)
Ireland 4.1% (0.2%)
Malta 4.0% (0.8%)
Luxembourg 3.8% (2.3%)
Poland 3.6% (1%)
Hungary 3.5% (0.8%)
Kosovo 3.3%
Macedonia 3.2% (3.9%)
Spain 3.1% (1.0%)
Slovakia 3.1% (0.8%)
Slovenia 2.9% (0.8%)
Montenegro 2.6%
Netherlands 2.5% (0.6%)
Sweden 2.5% (0.4%)
Albania 2.42% (1.12%)
UK 2.4% (0.3%)
Bosnia 2.4% (1.3%)
Turkey 2.3% (1.3%)
Bulgaria 2.0% (0.9%)
Latvia 1.9% (0.3%)
Denmark 1.7% (0.4%)
Norway 1.5% (0.2%)
Portugal 1.4% (0.4%)
Germany 1.1% (0.3%)
ARGENTINA 1.1% (0.2%) this isn’t sluggish?
17 Latin American economies outgrew Argentina in the last year AND also the last quarter.
And Europe is a mess in a sluggish world economy? And yet 16 European countries outgrew Argentina in the last year AND also the last quarter.
My full post which didn't work yesterday. Lots more economies MUCH bigger than Argentina in this list Dany
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