Manufacturing in Argentina fell 6.8% in October year on year, while construction declined 3.7%, and in the first ten months of this year 2.5% and 4.9% respectively according to the Indec statistics bureau report. Firms were hit hard by a contraction in economic activity and the devaluation of the Peso against the US dollar. Read full article
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Oh, yes, but you know, the Kirchners left such a heavy inheritance...poor Macri's hands and feet were tied up and he could not do anything else but impotently watch as things unfolded for the last three years...Dec 07th, 2018 - 04:02 am - Link - Report abuse 0
Then, there was the drought, and global warming, the U.S. raising the interest rates, Turkey and so on.
You say Macri borrowed USD 100 billion, a record even for Argentina? Oh, yes, but you know, such was the cost of gradualism, whatever that means.
Those people don't get it.