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Montevideo, August 10th 2020 - 02:48 UTC

 

 

Argentine economy contracted 2,2% last year and could drop another 2% in 2020

Thursday, March 26th 2020 - 08:45 UTC
Full article 4 comments

Argentina's GDP contracted 2.2% last year, hit by the downfall of manufacturing, retail and financial activities, according to the official stats office, Indec. In the last quarter of 2019 the economy dropped 1% over the previous quarter and 1.1% compared to the fourth quarter of 2018. Read full article

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  • Enrique Massot

    If we took economic contraction numbers as initially given in the article above, we would conclude that the Macri presidency has been to Argentina as bad for the economy as the coronavirus pandemic.

    It won't be, as the pandemic has just started and much will depend on the outcome of the current and future measures being implemented by president Alberto Fernandez.

    Beyond the results, however, the citizens now feel the president is in charge and working hard to control the virus' transmission while mitigating the economic effects of the crisis on the most vulnerable sectors. They shudder at the thought of what may have happened if Macri, popularly known as “deck chair” for his taking of frequent holiday breaks during his term, had still been at the rudder.

    Mar 26th, 2020 - 06:39 pm - Link - Report abuse -2
  • imoyaro

    Surely they could do better than that? Now, 20% down would be impressive! ;)

    Mar 28th, 2020 - 01:50 am - Link - Report abuse 0
  • Chicureo

    The world is facing an economic depression, but some countries will be bankrupted. We live in interesting times as the Chinese curse goes.

    Mar 28th, 2020 - 02:25 am - Link - Report abuse 0
  • Enrique Massot

    Hey, Chicureo, you can do better than that. Just call it “the Chinese virus” as your model Donald Trump has done.

    Imoyaro: Your posts remain predictable and boring at a time when there is so much to think and comment about -- at least for those who remain healthy.

    Mar 28th, 2020 - 05:39 pm - Link - Report abuse -2

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