IMF foresees 2.6% GDP drop for Argentina this year - inflation 40%

Tuesday, October 9th 2018 - 21:29 UTC

Full article 4 comments

Argentina's GDP will fall 2.6% and inflation will reach 40% this year, according to the International Monetary Fund's Global Perspectives Report released Monday at the beginning of the body's annual Assembly in Bali, Indonesia. Read full article

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chronic
A curse and a pox on the alphabet soup selection of globalist parasites.
Oct 09th, 2018 - 09:59 pm - Link - Report abuse 0
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Enrique Massot
The IMF itself acknowledges its recipes will take Argentina to a deep recession.

The current plan to vacuum any cash in circulation is akin to kill the patient to end the illness.

The unprecedented “zero deficit” measures the IMF imposed on Argentina will be the final blow on an economy already weakened by almost three years of domestic productive sector erosion and capital-flow deregulation that has permitted unprecedented financial speculation profiting on Argentina's high interest rates.

Oblivious to the growing disaster, president Mauricio Macri keeps repeating hollow phrases at carefully prepared ribbon-cutting ceremonies and insisting his way is “the only way” to go.

We'll see which way he ends up.
Oct 11th, 2018 - 01:45 am - Link - Report abuse -1
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Zaphod Beeblebrox
Reekio,

“...economy already weakened by almost three years of domestic productive sector erosion”

I am not an economist, but the GDP figures do not seem to support that claim: https://tradingeconomics.com/argentina/gdp
Oct 11th, 2018 - 06:00 pm - Link - Report abuse 0
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Jack Bauer
ZB
...and since when does Reekie need stats to prove his theories ?...if they pop up in his mind, that's all that matters.
Oct 18th, 2018 - 04:13 pm - Link - Report abuse 0
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