I_L_Argentina
Registered
- Joined
- Aug 18, 2012
- Messages
- 11
- Likes
- 1
I have been living away from Argentina for far too long, and me and my family are considering going back there? Is it a good time? Is the economy ok?
I have been reading some articles, checking some statistics and I am getting confused here cuz the numbers obviously don't give the whole picture.
The articles below say that the growth of Argentina's GDP was 4.9 % (Quarter to Quarter) in the first quarter of 2013, 7.8% (Month to Month) in the Month of May, and 3% (Year to Year), all sounds good. yeah?
But what about the high inflation and high public debt?
Inflation is way too high, and is getting worse as time goes
25.0 % (2012)
21.0 % (2011)
22.0 % (2010)
GDP growth rate sounds OK except for a slow year 2012
1.90 % (2012)
8.90 % (2011)
9.20 % (2010)
Public debt is probably a problem unless our GDP grows way faster than our debt.
41.6 % of GDP (2012)
41.7 % of GDP (2011)
45.1 % of GDP (2010)
The Unemployment in Argentina was 7.20 (%) in 2012, doesn't seem too bad, does it really reflect the job market?
The optimistic article I was talking about:
Argentina’s Economy Grows 7.8 Percent; Agreement With Chevron And Good Harvest Help
Argentine Economy Grows More Than Expected in First Quarter
I have been reading some articles, checking some statistics and I am getting confused here cuz the numbers obviously don't give the whole picture.
The articles below say that the growth of Argentina's GDP was 4.9 % (Quarter to Quarter) in the first quarter of 2013, 7.8% (Month to Month) in the Month of May, and 3% (Year to Year), all sounds good. yeah?
But what about the high inflation and high public debt?
Inflation is way too high, and is getting worse as time goes
25.0 % (2012)
21.0 % (2011)
22.0 % (2010)
GDP growth rate sounds OK except for a slow year 2012
1.90 % (2012)
8.90 % (2011)
9.20 % (2010)
Public debt is probably a problem unless our GDP grows way faster than our debt.
41.6 % of GDP (2012)
41.7 % of GDP (2011)
45.1 % of GDP (2010)
The Unemployment in Argentina was 7.20 (%) in 2012, doesn't seem too bad, does it really reflect the job market?
The optimistic article I was talking about:
Argentina’s Economy Grows 7.8 Percent; Agreement With Chevron And Good Harvest Help
Argentine Economy Grows More Than Expected in First Quarter