MercoPress. South Atlantic News Agency
Bad news for Macri: Moody's forecasts Argentine economy will shrink 1.5%
Despite the Argentine government’s forecast of a much better economic scenario in the second half of the year, credit rating agency Moody’s disagrees, saying the economy is set to shrink by 1.5%, followed by a growing unemployment and an inflation rate well above 30%. Read full article
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Disclaimer & comment rulesI already called Moody's out on the last report and this one is even more inaccurate.
May 06th, 2016 - 09:21 am - Link - Report abuse 0Latam trading partners are imploding.
The are bumper wheat crops in America.and all commodities are suspect.
China, Russia and now India are stalling.
Deteriorating conditions for rg.
It will soon be abundantly obvious that all the cheery prognostications were little more than paid advertisements for the hawkers of soon-to-be-worthless Argentine paper.
May 06th, 2016 - 02:45 pm - Link - Report abuse 01. Greece V.2
2. Of course I bit you; you knew I was a snake when you picked me up.
Ft McM burns and what do canookis do?
May 06th, 2016 - 11:45 pm - Link - Report abuse 0Run?
Surprise, surprise! Recessionary measures causing recession?
May 07th, 2016 - 04:51 am - Link - Report abuse 0Well. It's well known that the lowly working and the middle class are the ones to boost the economy by immediately spending most of their income--when they have some.
Concentrating the pie on the well-to-do only fuels speculation and capital flight to off-shore accounts.
Argentina's rich and powerful do not care much about the country, because their bets are placed elsewhere, in the central countries they admire and where they educate their children, where they shop, vacation and hide their money.
Argentine electors are getting a crash course on Betrayal 101, taught by master Wizard CEO Mauricio Macri.
#3 chronic
I thought you were ignorant, bigoted and prejudiced in relation to developing countries such as Argentina. I now see you are ignorant, bigoted and prejudiced about countries like Canada too. I hope you never have to run on an hour's notice like Fort Mc people had to do. Your scorn is nothing short of despicable.
Argentina's rich and powerful do not care much about the country, because their bets are placed elsewhere, in the central countries they admire and where they educate their children, where they shop, vacation and hide their money.
May 07th, 2016 - 12:39 pm - Link - Report abuse 0Sounds like you/your family.
Hypocritical loser.
No update on the number of Ft McM structures consumed.
May 07th, 2016 - 02:21 pm - Link - Report abuse 0Who would have thought that the canookis would have just ran off and abandoned their homes to the fire?
One would have thought that at least a few would have had the grit to stay and defend their property.
@4. Educating their children elsewhere? Very few can study and live in Manhattan. Very few are as lucky as Florencia to have a mother who stole so much money.
May 07th, 2016 - 03:04 pm - Link - Report abuse 0@ 6 Lucifer, if you had ever been, as I have been, personally confronted with a similarly fast-moving, wide-front fire, with firebrands falling from the sky all around you and smoke so thick you could not breathe properly, and soon to be completely surrounded by the fire, perhaps then you might consider the wisdom of packing a few valuables and moving to another location.
May 07th, 2016 - 03:05 pm - Link - Report abuse 0Not Lucifer:
May 07th, 2016 - 03:58 pm - Link - Report abuse 0I've had the pleasure of fighting many of them.
Didn't win them all, but I've never seen one beat by running from it.
Often the courage of just a few makes all the difference.
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