Argentina 2013 Economy

[camberiu]

Things are fine. Compared to other times, at this moment in this country things are fine.

 

[cbonanni]

Interesting aspect to this is that Argentina's "reserves" are not all cash in hand. 80 % of it is held in future maturing bonds. that is why they are on such a dollar cash grab. they have much less liquidity than they lead everyone to believe. Have you seen the taxes going up ? Money grab.....

So , yes the question is "when" not "if"......

 

[Rich One]

Best be careful before any of the K 'believers' turn up in this thread and tell you the economy is growing in every corner and things are fine.
Remember Clairn lies! hahaha

Clarin La tiene Adentro.....!!!! Maradona and Moreno in The Emirates. waving a Flag....!!

 

[Rich One]

Argentina has a bright future with this leadership.

 

[Matiasba]

Ok. I didnt vote to Cristina or Nestor ever, but I recognise some facts of this government that have been good to my country.

Could someone explain me HOW the HDI index from UN, in my opinion the best way to measure a country from a social point of view -the UN, the most serious people that measure this no matter if its a dictatorship or a democracy, if its a power or if its a poor country, if it is capitalism or socialism- HOW in this country that index just went up unstoppably in the past, lets say, 7 years?

Argentina and Chile were the only South American countries that grew their HDI index up to the "Very High Human Development" category. THAT happened with this government.

Because there were a lot of warnings the past years about the economy, such as "soil price will fell down next year", "a crisis will come and this will end like every goverment did", and a huge etcetera, I prefer not so much to pay attention to proyections and estimative numbers. What I already said about the economy is true, every one recognise that. I repeat, you all should know what this country is in a recession cycle. You almost dont see people in the streets, shops closed, kioscos closed, more poverty, less traffic, empties malls, all that stuff I said is true and is a thermometer of economy, a little rustic, but the difference is evident.
Argentina grew this past years and lots of people went out of poverty. Fact. More than the half that today can consider middle class. Also, that growth, was with good numbers of inequality, something very hard to reach. The gini index went down like 10% in these years. That means the wealth distribution did work well.

 

[scotttswan]

Things are fine. Compared to other times, at this moment in this country things are fine.

They're not fine compared to 2008 when i came here.

 

[scotttswan]

more like

 

[Matiasba]

They're not fine compared to 2008 when i came here.

2008 -2011 the country grew at 8% approx. and 2012 at 2%. Lots of people got beneffits from that.

The imports restrictions and the dollar cepo actually affects to a very tiny portion of the population, the richest. I dont agree with that measure, but is important to know the range.

The social pyramid is growing from the bottom to the top, enlarging the middle class, which includes the upper middle class, where the majority of us situates.

 

[scotttswan]

2008 -2011 the country grew at 8% approx. and 2012 at 2%. Lots of people got beneffits from that.

The imports restrictions and the dollar cepo actually affects to a very tiny portion of the population, the richest. I dont agree with that measure, but is important to know the range.

The social pyramid is growing from the bottom to the top, enlarging the middle class, which includes the upper middle class, where the majority of us situates.

The import problems have affected many industries in Argentina where they have been unable to import what they need to function properly. It doesn't just affect the richest it affects everyone. I wonder how many jobs have gone because the government blocked essential equipment. How much land is lying fallow because the small farmer can't get what he needs.
There have been people here posting about companies unable to get what they need.

The middle class I know are suffering heavily through inflation, the only ones who aren't are the ones with government jobs who are quite supportive of the government. I presume the lowerclass are also suffering with inflation. Changing what they eat by the week depending on prices. I know i don't buy the same stuff i bought when i arrived.

The social pyramid is slowly removing all middle class from existence, the rich have already taken all their money out of the country and many will probably go live abroad for a few years until this madness is over.

 

[thomasb]

No doubt this government have done a lot of good stuff! (with the starting point they had and the soya money I'd be hard not to).

However, the current "war" against the middle-class is a serious problem and you can see this all over the country - even here in the North - every day I see new office/shop spaces offered for rent as PYMES shut down - how long can that last and what effect does that have on unemployment over time - if I am not mistaken ~70% of all jobs in Argentina are in PYMES. I read somewhere that last 6 months of 2012 over 320k jobs were lost (don't quote me on that though, can't remember the source). What are they going to do - keep creating more government jobs?

As always the upper class (and big parts of the upper middle class) isn't really affected very hard (they usually find ways around whatever restrictions) and the ones that suffer the most are the lower classes (inflation being the worst offender) but what's new as far as I can tell is that the middle class is affected worse "than normal".

The import restrictions affects PYMES more than bigger companies which have the ability to start side businesses to export something to be able to import (or make deals with big exporters). I highly doubt PYMES that before were selling imported goods can do that very easily.

I am all for making goods internally, not be so dependent on imports etc, but I don't have much faith in the way they are doing it (ie; the whole Tierra "we pretend to make something but we are really just here to take a piece of the cake and press the prices up so that stuff like a normal TV costs twice as much as in the first world" de fuego for example)

This article (spanish only) is way over the top but he makes some interesting points;
http://www.lanacion.com.ar/1546023-apocalipsis-frio

I am not saying that this article is correct, I am just saying that some of the points are interesting.

If they keep going down the route they have carved out the last year I think the statistics will look very different by 2015 (including the HDI index).

Just my 2 cents.