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IMF praises Argentina's new focus despite an expected contraction of 1% this year

Friday, April 29th 2016 - 06:08 UTC
Full article 4 comments

Argentina's GDP is expected to contract by about 1% in 2016, according to the latest IMF Regional Economic Outlook; Western Hemisphere, announced on Wednesday in Mexico. The chapter on Argentina makes a special mention of the new government's changes to remove macroeconomic imbalances. Read full article

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  • chronic

    Sunshine pumpers.

    What about the impact of the demise of your major trading partner, Brazil ?

    Apr 29th, 2016 - 09:43 am - Link - Report abuse 0
  • ChrisR

    Praise from the French Crook must be like Macri introducing his lovely young daughter to a RCC 'Father'.

    Bit of a gamble that.

    Apr 29th, 2016 - 11:25 am - Link - Report abuse 0
  • Briton

    IMF praises Argentina
    last week, IMF praised Cameron,

    both are doomed.

    Apr 29th, 2016 - 06:43 pm - Link - Report abuse 0
  • Marti Llazo

    Same old Argentina. Ignoring contracts it finds inconvenient, says they won't pay the court decision, either. Sound familiar?

    ”Argentine state explorer YPF has been fined around $500 million by an international arbitration court over contract cancellations relating to natural gas exports to Brazil in the last decade, the company said on April 27. Plaintiffs were seeking compensation for rescission of contracts with Transportadora de Gas del Mercosur (TGM) and AES Uruguaiana (AESU) in 2009.”

    http://www.oilandgasinvestor.com/arbitration-court-fines-argentinas-ypf-500-million-gas-export-case-846916

    http://www.oilandgasinvestor.com/arbitration-court-fines-argentinas-ypf-500-million-gas-export-case-846916

    --- So, YPF wants to start exporting hydrocarbons but with this decision their exports and foreign assets are subject to seizure? Didn't we just have this sort of thing a few weeks ago?

    Same old Argentina.

    Apr 29th, 2016 - 08:47 pm - Link - Report abuse 0

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