With Brazil contracting 3%, Latin America's economy will shrink 0.3%, says IMF report

Thursday, October 8th 2015 - 10:21 UTC

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The International Monetary Fund said today that it now expects Latin America's economy to shrink 0.3% this year instead of growing 0.5%, largely due to a steep recession in Brazil and slumping commodity prices. It would be the first recession for the Latin American and Caribbean region since 2009. Read full article

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ChrisR
All these numbers so diligently crafted as they are pulled out of a hat!

Anybody who believes this really does need to have their head examined.

The determination of error is as big as the numbers touted by the IMF.
Oct 08th, 2015 - 11:05 am - Link - Report abuse 0
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Brasileiro
The speculative financial market contracted 35% from January to September / 2015.

Experts say that the stock market plunge and the Foreign Exchange market (speculation) account for 50% of GDP contraction. Another 30% of civil industry and the manufacturing industry and 20% of the shipping industry and oil.

Minimize speculation is like never to eat a MacDonalds sandwich to lose weight and live a healthier life.

https://www.youtube.com/watch?v=5_bYfhnP1mM
Oct 08th, 2015 - 12:22 pm - Link - Report abuse 0
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Jack Bauer
@2 brasshole (the one with shit for brains)
The contraction is due mainly to fat ass's malfeasance and incompetence.
Spin it the way you want - it won't change the facts.
Btw, why don't you get a brain transplant ?
Oct 08th, 2015 - 05:13 pm - Link - Report abuse 0
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Great_coral_aTrolL
In 2009, USA and UK went to a deep recession. Nothing happened in Argentina.

In 2011-2012 EU went to a deep recession. Nothing happened in Argentina.

In 2014 China slowed down from 9-10% to 6-7%, which is like a steep recession. Nothing happened in Argentina.

Now in 2015, Brazil is in a deep recession. Nothing happened in Argentina.

THIS IS WHY I HAVE ADVOCATED ISOLATIONISM and, increasingly, SAKOKU.

Now Argentina is immune from the incompetent pile that is modern Capitalism.
Oct 09th, 2015 - 01:08 am - Link - Report abuse 0
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Jack Bauer
@4 Trolley,
For once you are right !! Nothing happened in Argentina, from 2009 until today. Argentina was already in recession before 2008, and still is. So, nothing has changed. Congratulations.
Oct 09th, 2015 - 04:38 pm - Link - Report abuse 0
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Great_coral_aTrolL
So in Mendoza they are doubling the size of a freeway because we have been in recession for 6 years?

Building the largest shopping mall because we have been in recession 6 years?

Building a new line of the commuter rail because we have been in recession 6 years?

More flights to Mendoza because we have been in recession 6 years?

IF that is recession, I can't imagine if we actually grew.
Oct 10th, 2015 - 05:50 am - Link - Report abuse 0
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Jack Bauer
@6 Trolley
Even during a recession, things happen. If it' s doubling a freeway, done by the Provincial government - because I'm presumimg it's not a privatized freeway - good for Mendoza ! ; The shopping mall must be a private project, or has the government got involved in retail sales ? But I'm referring to Argentina as a whole, not just MDZ ; poverty at 25% and increasing, small businesses closing down, inflation chewing at the workers' salaries , i.e., of those who still have a job, food prices constantly going up , diminishing international reserves, deterioration of public services in general, dozens of people begging on the streets, sleeping on park benches.....I suppose you think that represents a vibrant economy, where everyone has a job and a decent standard of living ; I've mentioned this before, but seems a good time to repeat it : abt 18 months ago, I went to MDZ to visit several wineries, which I thoroughly enjoyed ; amongst other restaurants, I went to Facundo's for a couple of meals - quite good ; For two days, just walked around the town, seeing the many parks, and all in all it was pretty good. Then I went to BA for abt 10 days, to visit some relatives and just spend time. Eating was quite good and very reasonably priced (due to the USD exchange rate). I was apalled at the trains.....uncomfortable seating, falling to pieces, doors that didn't close, full of grafiti, floors full of water puddles and holes, full of vendors being a nuisance. Bands playing in the 'subte' carriages - quite 'impressive'...I took trains out of 'Constitucion' and out of 'Retiro', all in the same state of deterioration and no visible maintenance. In the centre of BA, the Capital city, things have visibly gotten worse since I was there 5 years ago. I had long talks with my relatives : general consensus was that things were definitely going down the drain. 'That' is a crisis.
Oct 10th, 2015 - 11:25 pm - Link - Report abuse 0
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