Zombie Factories Stalk the Sputtering Chinese Economy

Re:Zombie Factories Stalk the Sputtering Chinese Economy by adventured on Saturday August 29, 2015 @11:52AM (#10140383)

Argentina didn't recover by kicking the IMF out. Their growth over that time is almost identical to Chile and Brazil. It began at the exact same time all economies began expanding, including Colombia, Peru, and Ecuador as well. The expansion was a macro effect, not something Argentina did.

Worse, Argentina's GDP has hardly moved in 20 years on an inflation adjusted basis. Their debt is soaring faster than during the 2001-02 crisis. [1] Last year their economy had 40% to 60% inflation [2], and is in dire condition. I'd say Argentina is doing a fine job of bankrupting itself. I'm just wondering who they're going to blame this time. [3]

[1] http://www.bloomberg.com/news/articles/2015-06-01/argentina-...

[2] http://www.bloomberg.com/news/articles/2015-03-07/argentina-...

[3] http://www.bloomberg.com/news/features/2015-07-17/-no-why-ar...

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Re:Zombie Factories Stalk the Sputtering Chinese Economy by ghaff on Saturday August 29, 2015 @12:56PM (#10140613)

This article from The Economist a while back [1] gives what seems to be a pretty good rundown of Argentina's rather sad economic and political history.

[1] http://www.economist.com/news/briefing/21596582-one-hundred-...

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