• burlemarx@lemmygrad.ml
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    6 days ago

    Those projections are a joke. The IMF often makes mistakes about predictions because their fundamentals are all wrong. Argentina’s case is an example, without the US constantly bailing out Argentina, they can’t control inflation, simply because Argentina doesn’t have a dollar superavit in their economy, no matter how much social spending is cut from government budget.

    • Maeve@lemmygrad.ml
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      6 days ago

      remain steady at 2.1% in 2026, according to the IMF. Growth in the euro zone is seen picking up to 1.2% this year and 1.1% next

      Yes, I thought that was seriously underestimating the power of destruction leading the West, but I am not an economist, so…

      • Darkcommie@lemmygrad.ml
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        5 days ago

        You don’t need to be an economist, economists are a joke their predictions and math rely on gut feeling and their own bias rather than reality theyre not scientists

  • Jaximus@lemmy.ml
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    6 days ago

    Didn’t trump bail out Argentina recently? How is it’s economy growing? Genuine question.

    • Commiejones@lemmygrad.ml
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      6 days ago

      The IMF do because they don’t care about silly things like material reality. This is their wish casting board. If you believe it it is no dream.

      • Kasama ☭@lemmygrad.ml
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        6 days ago

        And of course they say Argentina’s economy will also grow by 4%, despite poverty rates being over 50% (if I remember correctly), and high inflation rates too.

        China’s expansion is forecast to downshift to 4.8% in 2025 and 4.2% in 2026.

        They’re still peddling the “China is collapsing” nonsense, aren’t they?