Argentina trade surplus for nine months running, but imports in May drop 28%

Thursday, June 27th 2019 - 14:54 UTC

Full article 3 comments

Argentina's trade surplus in May reached US$ 1.373m, the highest in five years and a record nine months running with positive results, reported on Wednesday the country's stats office, Indec. Read full article

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Zaphod Beeblebrox
As I keep telling Reekie, some (admittedly not all) economic indicators have improved under Macri, a fact that he fails to recognise.
Jun 27th, 2019 - 05:09 pm - Link - Report abuse 0
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Enrique Massot
ZB

Without reading carefully, Zaphod jumps to conclusions he believes support his hopeless defence of the Macri regime.

Instead, the “fiscal surplus” underscores the deep recession Argentina is traversing under the stranglehold of the “déficit zero” imposed by the IMF that has siphoned most currency from the marketplace.

This is clearly shown by the abrupt drop in imports, especially of capital goods.

The country’s economy suffocates under Macrist measures that impact every single sector, with the exception of some corporations with links to Macri and his merry men.

Title for a future book about this: “How to destroy a country in just four years and still get away with it.”

Sad.
Jun 30th, 2019 - 02:36 am - Link - Report abuse -1
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Zaphod Beeblebrox
EM,

Without reading carefully, Reekie jumps to conclusions he believes support his illogical defence of the CFK regime.

“...This is clearly shown by the abrupt drop in imports, especially of capital goods.”

Let us check this fact. https://tradingeconomics.com/argentina/imports

You are correct, the level of imports has decreased recently. However, if you look at the 10-year data there is a clear cycle in the level of imports and the current dip is to the same level it was in 2017, 2016 and 2015 so I'm not sure that there is anything particularly unusual about this.

Like I keep saying, there is a bigger picture out there beyond cherry picking only the facts that support your own opinions. As I also keep saying, I am not an economist so I don't know which indicators are the critical ones or which are the most indicative of the future. I simply to try to provide some balance to your ongoing biased commentary. Even when there is a bit of apparent good news, your spin on it is that it is misleading and point to an alternative statistic which, it appears, is simply following a seasonal trend.

Sad.
Jul 02nd, 2019 - 05:26 pm - Link - Report abuse 0
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