Argentine twelve-month economic activity to November contracts 7.5%

Friday, January 25th 2019 - 10:10 UTC

Full article 4 comments

Economic activity in Argentina slumped 7.5% in November, the INDEC statistic bureau reported on Thursday. The comparative drop in activity from November 2017 and November last year was the most significant since June 2009's eight per cent slump. Read full article

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Enrique Massot
In the end, the Macri administration came down to a matter of pesos and centavos, making redundant debates such as whether Macri is a neo-liberal, or part of the most backward oligarchy, whether the economic debacle is a result of Macri's clumsiness, or a deliberate plan to break the working class' back.

Now it's a matter of unity and action of all those who want to stop the bleeding and avoid total disintegration.

The time is now.
Jan 26th, 2019 - 12:42 am - Link - Report abuse -1
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Zaphod Beeblebrox
“The comparative drop in activity from November 2017 and November last year was the most significant since June 2009's eight per cent slump.”

...and yet CFK was re-elected in 2011 after that 8% drop.

As always, Reekie likes to cherry-pick the bits of bad news that support his anti-Macri agenda but maybe he is missing a bigger picture?

Also, when CFK had an 8% drop in economic activity was that because of her “clumsiness, or a deliberate plan to break the working class' back”?

Reekie has provided possible causes for the effect so why not the same causes for the same (slightly worse) effect under CFK? You can't have it both ways.
Jan 29th, 2019 - 07:22 pm - Link - Report abuse 0
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Enrique Massot
Zaphod...the election is less than 10 months away. You probably are part of that group of voters who are going to vote for Macri no matter what.

So if you are going to close your eyes to the disastrous and truly corrupt ways that Macri and his gang have inflicted on poor Argentina, by all means, go ahead.

However, for many Argentines, the content in their fridges is going to be a powerful motivator in October. There is little room for marketing and “focus groups” when your basic needs are unfulfilled.

Sorry to pop your bubble, son.
Feb 01st, 2019 - 04:37 am - Link - Report abuse -1
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Zaphod Beeblebrox
“However, for many Argentines, the content in their fridges is going to be a powerful motivator in October. ”

I am sure it will, but there are many factors involved in how people vote, which is my point.

You are suggesting that a 7.5% drop in economic activity is a kiss of death for Macri even though CFK got re-elected after a 8% drop. The opinion polls are close and close elections are notoriously difficult to predict.

When you focus on the bad stuff you are missing the bigger picture. I say that there is currently a 50% chance that your bubble will be popped in the elections.

...and I am not your son.
Feb 01st, 2019 - 06:16 pm - Link - Report abuse 0
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