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Cristina Kirchner does the accounts wrong

2021-07-19T01:57:24.811Z


During the last four years of the former president's administration, the economy did not grow and, on the contrary, remained stagnant for the last decade.


Gustavo Bazzan

07/18/2021 10:45 PM

  • Clarín.com

  • Economy

Updated 07/18/2021 10:45 PM

In June 2016, after putting an end to

the manipulation of INDEC data

- which started in January 2007 with inflation data, but was later extended to data on growth, poverty and indigence - the agency of The official statistics presented a “review” report, in which he corrected the growth data of the Argentine GDP.

The conclusions of this report: According to INDEC K, the Argentine economy had grown between 2004 and 2015 by 80%.

The standardized INDEC, under the management of Jorge Todesca, concluded that the increase in production, in reality, will have been 48%.

This means that the Argentine economy in 2015 was 20% smaller than that reported by the intervened INDEC.

In summary: Between 2004 and 2008 the economy grew at an annual rate of 7.5%.

Between 2008 and 2011 the expansion was at an annual rate of 3.3%.

Between the years 2011 and 2015, the GDP changed only 0.2% per year.

The evolution of GDP in the following years: -2.1% in 2016;

+ 2.9% in 2017;

-2.6% in 2018;

-2.2% in 2019 and -9.9% in 2020.

If population growth is taken into account,

the economy has remained stagnant for the last decade.

In the final stage of the second government of former President Cristina Kirchner, the political decision was made

not to report data on poverty and indigence

.

Two definitions are remembered from that time.

For the then Minister of the Economy, Axel Kicillof, giving the data on poverty was to stigmatize the poor.

Former minister Aníbal Fernández assured that there were fewer poor people in Argentina than in Germany.

The evolution of poverty had to be rebuilt to fill the gaps that the previous government failed to fill.

Poverty was around 31% in 2011

and fell to 25.7% in September 2017. From there it began an unstoppable rise to around 45% in the latest INDEC measurement, although it is speculated that this year it could close close to 50 %.

The vice president cites a World Bank report where she assures that the Argentine middle class population was double in 2012 than in 2002. A comparison with the worst post-convertibility period.

This report defined members of the middle class as those with an income between US $ 10 and US $ 50 per day and per capita.

At today's official exchange rate, $ 30,000 to 150,000 per day and per person.

The World Bank based its reports on official data provided by the intervened INDEC.

In a context of high inflation, economic stagnation and almost non-existent creation of private registered jobs,

assuming that the middle class did not suffer the consequences between 2011 and 2015 sounds unlikely.

Source: clarin

All business articles on 2021-07-19

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