Argentina GDP Reignites Data Skepticism

The video discusses the reliability of Argentina's economic data, highlighting revisions made after IMF criticism. It questions whether the government is manipulating data to show economic stability despite being in default. The video also covers President Cristina Fernandez de Kirchner's UN speech, where she criticized 'Vulture funds' and positioned Argentina as a defender against financial terrorism. Investor reactions and challenges in negotiating with Argentina are also explored.

What was the general consensus among economists regarding Argentina's GDP for the second quarter?

• It would contract by 0.4%

• It would remain unchanged

• It would grow by 0.3%

• It would increase by 1%

Why do economists in Argentina make two sets of predictions for GDP and inflation?

• To compare with other countries

• To account for government manipulation

• To satisfy international standards

• To provide a range of possibilities

What term did President Cristina Fernandez de Kirchner use to describe the holdout creditors in her UN speech?

• Debt negotiators

• Financial allies

• Economic partners

• Vulture funds

What was the main reason for the failure of investor activism to remove the bond clause?

• Logistical challenges and lack of government support

• Investor disinterest

• Government intervention

• Lack of international support

What excuse does the government use to delay negotiations with holdout creditors?

• Economic growth

• International pressure

• A clause in the bonds

• Investor demands