Bajo_cero2
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syngirl said:We don't need to wait a year -- a recession is defined as a contraction in the economy that lasts 2 consecutive quarters. Even INDEC is conceding that various industries (construction, manufacturing) are seeing slowdowns since May. Torcuato di Tella analysts are already saying possibility of recession within next 6 mos as 99%. In 18 mos we`ll probably be entering a depression if CFK continues with these import/export restrictions.
http://blogs.ft.com/beyond-brics/2012/07/13/argentina-the-cost-of-being-truthful/#ixzz20bnrKJX1
http://www.reuters.com/article/2012/07/11/us-argentina-economy-data-idUSBRE86A1CU20120711
Yes, but they are assuming the CFK is De la Rua and she might be many things but not a vegetable.
So, we have to wait and see if the anticiclicas measures work out or not.
Regards