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Relief for Macri: stats confirm the economy is moving out of recession

Wednesday, March 22nd 2017 - 12:20 UTC
Full article 40 comments

Argentina's economy exited a prolonged recession in the second half of last year, with government data on Tuesday showing a 0.5% expansion in the fourth quarter of 2016 compared with the third quarter. Indec stats agency also revised its estimate for third-quarter GDP to a 0.1% increase over the second quarter, up from a 0.2% decline previously. Taken together, the data show Argentina's economy grew in the second half after shrinking for three straight quarters. Read full article

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  • ElaineB

    This is going to upset some people.

    Mar 22nd, 2017 - 12:29 pm - Link - Report abuse -5
  • Enrique Massot

    ElaineB is already opening her umbrella.

    Never upset when good news is confirmed and (if) the Argentine economy is really “moving out of recession.”

    For now, the statistics will be evaluated by Argentines who struggle with significantly reduced purchase power and rising energy costs as layoffs continue and SMEs close their doors under the weight of wide open imports and the “rain of investments” looks rather as a drizzle.

    Of course, as the October election approaches and no real improvement happens, the temptation of playing with the numbers will no doubt be significant for a government elected on promises of starting an era of change, openness and transparency.

    Mar 22nd, 2017 - 05:25 pm - Link - Report abuse +4
  • Jack Bauer

    Bad news for Reekie.....
    Always focusing on the negative in order to not see the positive.

    BTW, what about answering the 3 questions I asked you over a week ago ? Or are you unable to answer them without resorting to your usual bs ? Because, if that's the case, please do not bother...

    Mar 22nd, 2017 - 07:27 pm - Link - Report abuse -2
  • Kanye

    Enrique is complaining about transparency.

    Oh, the irony.

    Mar 22nd, 2017 - 10:40 pm - Link - Report abuse -1
  • AustrOllOpithecus

    -6 for Elaine?

    I want to retain the monopoly on the negative side of the scale.

    Mar 23rd, 2017 - 05:25 am - Link - Report abuse +10
  • ElaineB

    @TTT

    Hahahaha. I have a -12 on another thread, beat that! :)

    Mar 23rd, 2017 - 07:08 am - Link - Report abuse -6
  • DemonTree

    @Troll
    Haha, owned. I have a -12 too.

    This is good news for Argentina though, let's hope it continues.

    Mar 23rd, 2017 - 09:53 am - Link - Report abuse -3
  • Think

    Mr. DemonTree...

    It would indeed be good news for Argentina..., if it was true...
    What it ain't...
    https://www.pagina12.com.ar/27145-macrilandia

    ALMOST ALL Argentinean economic macro indcators have been negative in January and February 2017...
    March's are looking even gloomier...
    Current buzzword...: Fake News...

    Mar 23rd, 2017 - 10:13 am - Link - Report abuse +6
  • imoyaro

    Gauchito Drink, pagina12 is a Narcokleptocratic rag. ¡Qué Chantapufi!

    Mar 23rd, 2017 - 10:39 am - Link - Report abuse -3
  • ElaineB

    @ DT

    Haha. I am shooting for a -13 now.

    Come on, Twats, you know who you are, do as I tell you and help me reach a new record.

    Mar 23rd, 2017 - 11:35 am - Link - Report abuse -6
  • Think

    Sr. AustrOllOpithecus & Mr. DemonTree...

    I “Think” you lads will have to fight and settle for seconds best...l...

    There is only one El Think..., and he usually gets -16 before breakfast...;-)

    Mar 23rd, 2017 - 11:56 am - Link - Report abuse 0
  • Skip

    So nice to see Argentineans bagging Argentina!

    Mar 23rd, 2017 - 02:45 pm - Link - Report abuse 0
  • Kanye

    Skip

    They want to be sure to deny the British that opportunity also.

    Mar 23rd, 2017 - 03:29 pm - Link - Report abuse +1
  • DemonTree

    @Think
    I'm leaving Trollboy in the dust, he's on +9.

    I think Elaine is the new Queen of the Downvotes, so sorry.

    Mar 23rd, 2017 - 08:03 pm - Link - Report abuse 0
  • ElaineB

    @ DT

    Well you know the saying, “If they are shooting at you, you must be doing something right”. I am honoured to hold the crown.

    Mar 23rd, 2017 - 09:37 pm - Link - Report abuse 0
  • Don Alberto

    Unemployment fell to 7.6 percent in the fourth quarter of 2016, the INDEC national statistics bureau announced yesterday, a one-percentage point drop from the previous quarter.

    Poor reekie, what's to be next next denial from his many years in exile, as far away from the kirschneristas as possible in the Americas?

    Mar 23rd, 2017 - 09:50 pm - Link - Report abuse +2
  • Kanye

    1% = 500,000 people

    Mar 23rd, 2017 - 10:55 pm - Link - Report abuse 0
  • ElaineB

    @ Don Alberto

    And the news today that CFK and the Boy Kicillof will face trial for under-selling Future Dollars (fixing the currency) and costing Argentines close to US 5 billion in an attempt to sabotage Macri's government.

    Mar 23rd, 2017 - 11:36 pm - Link - Report abuse +3
  • imoyaro

    By the way Chopper, I wonder why you haven't brought this up...

    http://www.thebubble.com/the-chilean-effect-400-shops-closed-in-mendoza/

    Mar 24th, 2017 - 01:43 am - Link - Report abuse 0
  • AustrOllOpithecus

    So what you are saying is that Macri's government sucks?

    You said it, not me.

    Mendoza, under CFK or Macri, has always boomed. 400 shops closed is irrelevant. Mendoza is always Mendoza. Stable, reliable, safe, prosperous.

    Mar 24th, 2017 - 01:56 am - Link - Report abuse -3
  • imoyaro

    Well, your reply says it all. Economic collapse is stability in your book. Kind of like your mental state, eh?

    http://i1290.photobucket.com/albums/b521/imoyaro/chopperdilemma2_zpsd8c87421.jpg

    Mar 24th, 2017 - 03:53 am - Link - Report abuse +1
  • ElaineB

    @ TTT

    I think the Mendoza you inhabit does not change much under any government. As you have told us on many occasions you are proud to have very little and don't yearn for wealth or possessions, (or relationships). So any government strategy would probably not affect you too much.

    That said, It is a very real situation that at the moment Argentineans from Mendoza (and other cities close to the border) are crossing into Chile to buy goods that are far more expensive in Argentina. The Chileans are exploiting this by offering incentives. That is the situation at the moment. We all know that it has been the opposite at times with Chileans finding Mendoza much cheaper. Why not just admit the reality? It is not a criticism, just a fact.

    Mar 24th, 2017 - 01:09 pm - Link - Report abuse +3
  • Don Alberto

    Buying in Chile or Mendoza has always been on a rollercoaster.

    In the nineteens and until 2002 Mendociinos went to Chile, from 2002 until 2014 you couldn't throw a brick in Mendoza without hitting a Chileno. After the long row of successful Kirchnerista inflations, the Chileno influx stopped and now it flows in the other direction.

    Mar 24th, 2017 - 06:55 pm - Link - Report abuse +2
  • Tarquin Fin

    Same thing is true regarding the rest of our neighbors. Sometimes it is Brazil, sometimes it is Paraguay, now it is Chile.

    Spontaneous trade agreements. Consumers follow their own bliss.

    Mar 24th, 2017 - 08:16 pm - Link - Report abuse +1
  • Jack Bauer

    It is OBVIOUS that the Argy trolls, including Reekie, McStink the Chimp, and the southern ape, have multiple personas, just registered so that they can go in and distribute minus points....how childish...it's about time that MP prohibited this practise....it just makes the point system meaningless...let's see : between the 3 of them, they've distributed 7 negative points to ElaineB, while Reekie and McStink have awarded themselves 5 and 7 positive points respectively....OR, it could just be a miracle....
    MP : what are you going to do about it ???

    Mar 24th, 2017 - 08:21 pm - Link - Report abuse +3
  • Voice

    ...and how exactly are “Argy Trolls” collaborating to place these downticks within minutes...?
    Exchanging emails...?
    Guessing where they should put them...?
    This is the work of one person I reckon...
    If there is no recognition of the ID to the system, then there is no limit to the amount of up or downticks one can make...
    I know for a fact that there is personas with no ID's on this forum...
    Not everything you see is black and white, I know a few tricks myself, but couldn't careless about popularity...
    ...and it's fairly obvious to anyone with common sense that Mr. Think and Toby do not care what people think about them...I seriously doubt either of them ever downtick anyone...

    Mar 24th, 2017 - 11:50 pm - Link - Report abuse -1
  • Tarquin Fin

    @Voice, Jack

    There's certainly something odd if you care to calculate the standard variance of ups and downs in this particular thread. +11 for AustrOllopitecus, -6 for Elaine. Just at first sight it doesn't correlate to the normal behaviour throughout all the threads in this forum.

    Mar 25th, 2017 - 02:23 am - Link - Report abuse +2
  • Jack Bauer

    @Voice
    ...and how exactly are “Argy Trolls” collaborating to place these downticks within minutes...?
    Exchanging emails...?”

    I have no idea how, or even if they are 'collaborating', but in retrospect, I wouldn't put it above them.
    Popularity is certainly not one of my concerns - otherwise I'd just write what the trolls want to read - and neither am I saying that those who tick up/down without any reason other than to give the impression they are outdoing those they don't particularly sympathize with, care either...perhaps it's the 'cheating' that feeds their twisted egos...

    @Reekie
    Am still waiting for you to reply....your silence, up to now, just confirms what I'm thinking.

    Mar 25th, 2017 - 04:05 pm - Link - Report abuse +1
  • Voice

    Think what you like Jack, but note whoever it was has had the last couple of days off...I'm back in the minus, Mr. Think is back in the minus, DemonTree and ElaineB have been left alone...
    Back to normal...
    It's one person alrighty....

    Mar 25th, 2017 - 11:25 pm - Link - Report abuse -1
  • imoyaro

    It does seem like whoever was doing it has laid off for a while. Let's see what happens now...

    Mar 26th, 2017 - 04:18 am - Link - Report abuse +1
  • Kanye

    Think/voice/Dover seems very defensive about the multi-troll downticking.

    Fun to read his fake deductive reasoning and revelations.

    “I know for a fact that there is personas with no ID's on this forum...”

    Oh dear, oh dear... :-))))

    Mar 26th, 2017 - 04:14 pm - Link - Report abuse 0
  • Jack Bauer

    @Voice
    Funny, near the top of this thread, after these comments on ticking up/down, Stink, Reekie and AustrOllOpithecus have all lost 1 point.....

    Mar 26th, 2017 - 05:07 pm - Link - Report abuse 0
  • Enrique Massot

    Think stated that all economic indicators for Argentina are in the red--which is true.
    See, the CGT union federation has done all in its power to avoid confronting the government--they only declared a general strike (April 6) after enduring much pressure from their affiliates.
    Macri is pointing to the “Ks” as the troublemakers, which in itself would be complimenting their influence on the masses.
    Difficult to keep the cheerleading going in such a muddy situation.

    Mar 27th, 2017 - 01:57 am - Link - Report abuse 0
  • Jack Bauer

    Reekie,
    I see that you worship Stink.....but stop sticking your head in the sand....you know what happens when you do that...something to do with 'where the sun don't shine'...

    Mar 27th, 2017 - 08:00 pm - Link - Report abuse 0
  • imoyaro

    Don't bother, Jack, he's just wishing his own personal experience on others...

    http://i1290.photobucket.com/albums/b521/imoyaro/KameradR_zpsl40cxhyc.jpg?t=1490578577

    Mar 28th, 2017 - 01:37 am - Link - Report abuse 0
  • Think

    Sr.Massot...

    ALMOST all economic indicators down...
    The ones catering for the upper decile are up...
    Veuve Clicquot., Lamborghinis..., Petrossian's beluga and other good stuff... ya know...

    Mar 28th, 2017 - 08:21 am - Link - Report abuse 0
  • imoyaro

    Hey Gauchito Drink, was checking the Perfil site you were posting from in the other thread and found this gem...

    http://laverdadnopuedeserignorada.com/2016/11/la-verdad-del-asalto-a-anibal-fernandez.html

    For those of us who don't speak Español, take a look at the article in Google and hit translate, with particular attention to the last part of the article. Now what was it you were saying about decadence, Chantapufi...?

    Mar 28th, 2017 - 08:42 am - Link - Report abuse 0
  • Jack Bauer

    @imoyaro
    You're right, he ain't worth the bother..

    Smell a bit of envy in Stink's last comment...
    Mr. Anibal sounds like a nice customer.....but of course, Stink defends him...

    Mar 28th, 2017 - 03:20 pm - Link - Report abuse 0
  • Think

    Geeeeeeeee....
    Bubbly wine is for ladies..., I'm a Spey's single man...
    A Lambo couldn' drive the last 100 miles of road to me humble Patagonian shed...
    And Petrossian's products have become overvalued & snobbish... Prefer Caviar House & Prunier nowadays...

    Mar 28th, 2017 - 04:49 pm - Link - Report abuse 0
  • imoyaro

    Perfil actually portrays a side of Argentina that would explain Gauchito Drink's comment about a supposedly English brothel for young boys. Human trafficking is actually a historic problem there. When you read Perfil you find that the CGT truckers are intrinsic to a human trafficking network across the country that kidnaps, rapes, and grooms underage boys and girls for use in brothels. The SIDE (now known as SI,) uses this resource to obtain information to blackmail politicians. For example, Carlos Zannini, AKA El Chino and Cristina Kirchner's right hand man, is named as frequenting these brothels. Gauchito Drink's attempt to deflect above notwithstanding, I think we can extrapolate what he does when he returns to visit Argentina... ;)

    Mar 28th, 2017 - 06:14 pm - Link - Report abuse 0

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