Argentine construction industry contracts 7.5% in April and 10.3% in four months

Thursday, June 6th 2019 - 08:41 UTC

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The construction industry in Argentina contracted 7.5% last April, the eighth consecutive month, with an overall drop of 10.3% in the first four months of the year. According to the country's stats office Indec, the Indicator of Construction Activity, during April fell 0.3% from March. Read full article

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Enrique Massot
Nobody is a winner in Macri's Argentina unless it's a close friend, family member or associate of the gang in power.

The 'deficit zero' goal imposed by the IMF keeps contracting the economy while inflation continues to fester, as Christine Lagarde has 'just learned.'

However, with the help of the IMF money, president Mauricio Macri is beginning to implement measures designed to make Argentines feel the crisis is ending -- similar to those implemented before the legislative elections of November 2017.

ANSES, the agency in charge of pensions, will be granting loans to retirees. The risk to the government is zero, because the ANSES will deduct up to 30 per cent of each monthly payment until the loan is paid back.

The other initiative is to subsidize car sales through a direct subsidy. Some planned increases in public services will be held off until...you guessed...December 2019.

It looks like Macri does know what to do to alleviate some of the pain and suffering.

Wouldn't it be nice if this would be taken place more than just four months before each election?
Jun 06th, 2019 - 07:09 pm - Link - Report abuse -1
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