Argentine economy contracted in February, but in March consumer confidence is picking up

Friday, April 28th 2017 - 03:03 UTC

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Argentina's economy contracted 2.2% on the year in February, indicating that the country's widely expected fiscal recovery may end up being slower than anticipated this year. The economy also shrank 1.9% from the previous month, the national statistics agency Indec reported. The data come after Argentina's economy grew 1.4% on the year in January. Read full article

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AustrOllOpithecus
Guess who predicted this surge in consumer confidence?

I DID.

Of course.

And of course, the utterly hopeless foreign-fiends here all came out here about two months ago when I said “in Mendoza things have really picked up, and I have more work now so I can't post as much here. And people are confident”...

... and was I immediately accused of liar, “that guy of course doesn't live in Mendoza”, “he is bien loco”, etc, etc.

So no only I have been proven right, again, and you all wrong, again... It also proves Macri did not get such a terrible economy as so many claim. CFK actually handed Macri a country with low unemployment and low debt. Macri's job is to get inflation down and investment up.

The dilettantes here who have never lived in Argentina but think can outargue me, and then turn right around and accuse of never living in the UK yet making opinion on their issues.

ANGLOS will be ANGLOS>
Apr 29th, 2017 - 11:34 am - Link - Report abuse 0
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