Argentine economy expanded 3.9% in November over a year ago

Thursday, January 25th 2018 - 09:53 UTC

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The economic activity index in Argentina, a proxy for the country's Gross Domestic Product (GDP), rose 3.9% in November from a year before - decelerating from October, when the index posted an annual rise of 5.2%. Read full article

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Enrique Massot
MP has no fear of posting stories showing how rosy Argentina's economy is getting under the 'best team of the last 50 years.'
Unfortunately, inflation not only continues--it's already increasing in January fuelled by more energy bills increases.
The dollar is now about to reach 20 pesos, and while Macri asked Argentines “to think in pesos not in dollars,” the government has tied the price of fuels to the dollar, with gasoline already going up a notch and soon to be followed by other energy sources.
Wouldn't be nice if things were really improving? Of course. However, while financiers are happy, the street tells a different story than Clarin and MP reflects.
Which is what happens when a government choses an economy of speculation and indebtedness as opposed to one of production and consumption.
Jan 25th, 2018 - 05:40 pm - Link - Report abuse 0
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gordo1
It seems to me that Enrique Massot fails to appreciate that La Kretina and her motley crew left Argentina in such a fiduciary mess that things may need to get worse before an improvement is seen. Patience Quiquito!
Jan 26th, 2018 - 09:10 am - Link - Report abuse 0
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Enrique Massot
Gordito:

Oh yeah, I know! It's called “the heavy inheritance we received.”

However, the fable that says “we have to tighten our belts before it becomes better” has been tried quite a few times before. It may still work for a while; after all, 48 per cent of Argentines still give Macri an approval nod, down from 71 per cent at the beginning of his term early 2016.

However, the beating the retirees took last December and the offensive to curtail wage increases that is just beginning may convince the elderly and the teachers (who voted in droves for the blue-eyed prince) that their White Knight may become in fact the worse nightmare they've ever had.
Jan 27th, 2018 - 07:27 am - Link - Report abuse 0
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