The official Argentine statistics are sharply different from those private sector economists issue.
For instance, last month the government said that inflation in 2012 was 10.8pc, while a group of private economists who collate their data put the rate at 25.6pc.
Buenos Aires benefits from understating the data, because a large part of its sovereign debt is indexed to inflation.
Just astonishing that crappy official statistics benefit the government so much. For of course, everyone agrees, it’s not actually deliberate: it’s a side effect of the Bastard Brits occupying Las Malvinas or something.
5 responses so far ↓
1 Geoff // Feb 2, 2013 at 11:20 am
About Argentina, see also Norm’s post below:
http://normblog.typepad.com/normblog/2013/01/a-blatant-exercise-in-erased-colonialism.html
2 DrMakajaz // Feb 2, 2013 at 1:54 pm
@Geoff
“Where have all the South American Indians gone?”
I work with a Mozambican engineer who says “There were two types of imperialism/colonialism Spanish where they kill everyone and Portuguese where they bonk everyone ”
I added there’s also British where they teach a ridiculously confusing and long winded game.
3 David // Feb 2, 2013 at 2:00 pm
“I work with a Mozambican engineer who says “There were two types of imperialism/colonialism Spanish where they kill everyone and Portuguese where they bonk everyone ”
Not quite true in Bolivia, Ecuador, Colombia (to a lesser extent), and many other ex-Spanish colonies.
There are lot of indians/ mixed race left in those countries.
Possibly true in Argentina though.
4 Luke // Feb 2, 2013 at 5:10 pm
Dave,
“Possibly true in Argentina though.”
It is particularly true in Tierra del Fuego, the bit nearest to the Falklands. I met one of the two people, brothers, believed to be the only descendants of the original inhabitants (through their grandmother, the last indigenous survivor.
5 Frances Coppola // Feb 3, 2013 at 10:36 am
The IMF’s statement is here:
http://www.imf.org/external/np/sec/pr/2013/pr1333.htm
It’s quite strongly worded by their standards. There’s a very small carrot and a much larger stick.
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