End Times and Current Events
March 28, 2024, 04:10:50 am
Welcome, Guest. Please login or register.

Login with username, password and session length
News: Welcome To End Times and Current Events.
 
  Home Help Search Gallery Staff List Login Register  

Index shows Argentina heading into recession

Shoutbox
March 27, 2024, 12:55:24 pm Mark says: Shocked Shocked Shocked Shocked  When Hamas spokesman Abu Ubaida began a speech marking the 100th day of the war in Gaza, one confounding yet eye-opening proclamation escaped the headlines. Listing the motives for the Palestinian militant group's Oct. 7 massacre in Israel, he accused Jews of "bringing red cows" to the Holy Land.
December 31, 2022, 10:08:58 am NilsFor1611 says: blessings
August 08, 2018, 02:38:10 am suzytr says: Hello, any good churches in the Sacto, CA area, also looking in Reno NV, thanks in advance and God Bless you Smiley
January 29, 2018, 01:21:57 am Christian40 says: It will be interesting to see what happens this year Israel being 70 years as a modern nation may 14 2018
October 17, 2017, 01:25:20 am Christian40 says: It is good to type Mark is here again!  Smiley
October 16, 2017, 03:28:18 am Christian40 says: anyone else thinking that time is accelerating now? it seems im doing days in shorter time now is time being affected in some way?
September 24, 2017, 10:45:16 pm Psalm 51:17 says: The specific rule pertaining to the national anthem is found on pages A62-63 of the league rulebook. It states: “The National Anthem must be played prior to every NFL game, and all players must be on the sideline for the National Anthem. “During the National Anthem, players on the field and bench area should stand at attention, face the flag, hold helmets in their left hand, and refrain from talking. The home team should ensure that the American flag is in good condition. It should be pointed out to players and coaches that we continue to be judged by the public in this area of respect for the flag and our country. Failure to be on the field by the start of the National Anthem may result in discipline, such as fines, suspensions, and/or the forfeiture of draft choice(s) for violations of the above, including first offenses.”
September 20, 2017, 04:32:32 am Christian40 says: "The most popular Hepatitis B vaccine is nothing short of a witch’s brew including aluminum, formaldehyde, yeast, amino acids, and soy. Aluminum is a known neurotoxin that destroys cellular metabolism and function. Hundreds of studies link to the ravaging effects of aluminum. The other proteins and formaldehyde serve to activate the immune system and open up the blood-brain barrier. This is NOT a good thing."
http://www.naturalnews.com/2017-08-11-new-fda-approved-hepatitis-b-vaccine-found-to-increase-heart-attack-risk-by-700.html
September 19, 2017, 03:59:21 am Christian40 says: bbc international did a video about there street preaching they are good witnesses
September 14, 2017, 08:06:04 am Psalm 51:17 says: bro Mark Hunter on YT has some good, edifying stuff too.
View Shout History
Pages: [1]   Go Down
  Print  
Author Topic: Index shows Argentina heading into recession  (Read 356 times)
Psalm 51:17
Global Moderator
Hero Member
*****
Offline Offline

Posts: 28357


View Profile
« on: June 06, 2012, 02:00:55 pm »

Index shows Argentina heading into recession
5 June 2012, Buenos Aires (MarketWatch)
http://www.marketwatch.com/story/index-shows-argentina-heading-into-recession-2012-06-05

Argentina is on track to slip into recession later this year, according to the closely followed monthly leading indicator published by Torcuato Di Tella University, or UTDT.

"It's very probable that the Argentine economy will enter a recessionary phase in the second half of the year," UTDT said Tuesday.

The chances that Argentina's economy will enter a recession in the near term surged to 98% in April, up from 85% a month earlier.

Historically, the economy has always gone into recession within six months when the probability passes 95%, UTDT said.

The leading index fell for the sixth straight month in April and was down 15.2% on the year at 187.8 points.

That's the steepest drop seen since early 2009 when economic growth came to a virtual standstill. UTDT's leading indicator fell 5.3% on the month.

In seasonally adjusted terms, the greatest decline in activity in April was noted in the stock market and construction, while the biggest gains were in metalwork and home sales.

UTDT's leading indicator is conceptually similar to the Conference Board index in the U.S., which tries to predict turning points in the economy.

The indicator has forecast turning points in the economy for 18 years. On average, it has anticipated recessions 4.33 months in advance and expansions 2.66 months in advance.

The Central Bank of Argentina's latest forecast sees economic growth at 6% this year, down from 8.9% in 2011 and 9.2% in 2010.

But many private economists are predicting flat growth or even a contraction this year as a sluggish global economy and government import restrictions and foreign exchange controls take their toll.
Report Spam   Logged

Share on Facebook Share on Twitter

Psalm 51:17
Global Moderator
Hero Member
*****
Offline Offline

Posts: 28357


View Profile
« Reply #1 on: June 07, 2012, 10:35:48 am »

6/7/12

Argentina's President Fernandez stops saving in dollars

Argentine President Cristina Fernandez says she is switching her personal savings from the US dollar to the Argentine peso
.

She said she would move her only remaining dollar account and urged officials to do the same.

High inflation, officially at 9.8% but unofficially at about 25%, means many Argentines see dollars as a safe bet.

The government, which needs dollars to maintain central bank reserves, is also trying to curb capital flight.

"I've just had one fixed term account in dollars for some time," President Fernandez said on Wednesday.

"And I've decided to put it in pesos, it's more profitable to have it in pesos."

Economic crises in Argentina's recent history mean many view the US dollar as a safe haven, and some keep part of their wealth outside the country.

Savers also have memories of tight controls on bank withdrawals and a sharp devaluation of the currency.

more
Report Spam   Logged
Pages: [1]   Go Up
  Print  
 
Jump to:  

Powered by EzPortal
Bookmark this site! | Upgrade This Forum
Free SMF Hosting - Create your own Forum

Powered by SMF | SMF © 2016, Simple Machines
Privacy Policy