Argentina's economic activity up 1.1% year to year in January

Wednesday, March 29th 2017 - 10:25 UTC

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Argentina's economic activity grew in January year to year. Economic activity was 1.1% percent higher in January than twelve months before, the first year-on-year growth since last March, according to the latest release from the revamped stats office, Indec. Read full article

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Enrique Massot
“Argentina's economic activity grew in January year to year...according to the latest release from the revamped stats office, Indec.”
Pay attention to the word “revamped.” While there is wide consensus that the previous government manipulated the statistics, so far the numbers released by the revamped Indec have been taken as articles of faith.
This consideration arises from the fact that the absolute majority of the numbers in the Argentine economy are in the red. Therefore, Indec's positive numbers are to be taken with caution while looking at the real economic impacts on low incomes at this point.

”Macri has also said he wants to be evaluated based on his progress in reducing the ranks of the poor toward his stated goal of 'zero poverty.'”

Now, on this topic, Macri has not merely failed; on the contrary, his measures are directly attacking those with lower incomes and engrossing the ranks of the poor since the day he took office.
Mar 29th, 2017 - 05:47 pm - Link - Report abuse -2
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Kanye
Enrique

Macri has not “failed” after just 18 mos.

He is only part way through his mandate for reform.

There is no “attack” on the poor.

Your ideological model and Class War is dated and obsolete.

Fade away, you are irrelevant.
Mar 30th, 2017 - 03:41 am - Link - Report abuse +2
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imoyaro
Poor, poor Kamerad/Komrade Rique. He's been a failure for so long, all he can do is project on others. It would be sad, if it weren't so hilarious! On a lighter note, Indec appears to indicate that poverty is starting to go down, not up.

http://www.thebubble.com/indec-poverty-rate-dropped-to-30-3-percent-in-the-second-semester-of-2016/

Sure it is incremental, but as we keep telling him, economic changes occur slowly, a fact which makes his attempts seem even more risible... :)
Mar 30th, 2017 - 12:44 pm - Link - Report abuse +1
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