This week, your project consists of finding at least two different current-news articles related to the country you selected. The articles have to be no older than three months and must be related to the economy of the country. Explain how your articles are consistent with your own findings. You need to relate the articles to any of the concepts discussed during the previous weeks: GDP, inflation rates, unemployment, government monetary policies (money supply, exchange rates) or fiscal policies (taxes, government spending), international trade (trade balance, exchange rates), production, economic growth, etc. Your articles articles MUST be from a news source. They cannot be from a blog, professional journal, dictionary, data site, or encyclopedia (that includes Wikipedia). You should try finding news from any public newspaper, magazine, TV station or their websites; such as foxnews.com, yahoo.com, cnn.com, wsj.com, nytimes.com, economist.com, etc. You can also use similar international websites, such as Reuters, BBC, France24, etc. Your best source for news reports may well be from news sites in your country. Just keep in mind that not all countries have a free press. Each week your post must be in a report format, not in a Q&A format. So remember to use paragraphs and a report structure to your post. ————————— 1) Your research paper this week should be between 250 and 350 words. Shorter submissions will be penalized. Longer posts are acceptable only if the extra words add substance to your report. At the bottom of your post, you should include a word count (how many words are in your post). 2) Structure your paper as a report. Do use multiple paragraphs. Do NOT attach your report, instead type it into the text box on the research assignment board. 3) You must cite all the information used in your report and include the sources in your reference listing. Use APA format for citations and references – see the APA Powerpoints linked below. 4) Remember: you should not “copy and paste” information. Plagiarism is penalized with a zero in the assignment the first time, and a zero in the course the second time. Use your own words and quote only facts or numbers. 5) Remember to include citations to your sources in the body of your post and to provide the references at the end of your post. Where possible, please make the links to any web information clickable links. Remember the references and links must be to the article you used, not just to the web site. Be sure to include the full URL, otherwise your link will not be clickable. 6) If you choose a country already selected by a classmate, it is perfectly fine, but you cannot plagiarize your classmate’s work. That would get you an automatic zero in the assignment.

Argentina’s Inflation

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Argentina Inflation

As observed by the CNBC.com, Argentina’s inflation is set to rise ahead of the legislative elections. The consumer’s prices shot with close to 1.9 percent in Argentina during September, and according to the statistics done by indec, it discovered that there are intentions to push the inflation to 17.6 percent further. This exceeds the upper band of the central bank’s mark for the year. The central bank which has all over the time tightened monetary policy has an objective of 12 percent to 17 percent inflation in 2017; even though, various economists have predicted it to be at 22 percent (Malik, 2016). Consequently, while the Argentina’s economic growth has continually increased in the recent weeks, controlling the inflation has confirmed to be hard than initially perceived. The central bank which has all over the time maintained its interest rate at 26.25 percent is determined to end the year with a monthly inflation of close to one percent. The surge in the user’s prices in September was attributed to 4 percent inflation in seasonal commodities.

Also, as observed by the MercroPress, the consistency of inflation has been experienced too in the food industry in Argentina where the global food index increased slightly in September. The FAO Food Index is an indicator of the monthly change in the international prices of a basket of foodstuff. The dairy price increased by close to 2.1 percent from August regulated by butter and cheese prices during the supply constraints in New Zealand, Australia, and the European Union (Gezmiş, 2017). However, the meat prices were substantially unchanged. Also, the FAO cereal price index decreased by an average percentage of 1.0 as maize and wheat produce experienced a stable supply and harvest prospects. Therefore, both CNBC and MecroPress focused on the inflation that has recently been experienced in Argentina due to political effects.

References

Gezmiş, H. (2017). From Neoliberalism to Neo-developmentalism? The Political Economy of Post-crisis Argentina (2002–2015). New Political Economy, 1-22.

Malik, S. (2016). A New Economic Era: How Macri’s Holdout Solution Hopes to Attract Foreign Investnemt and Revitalize Argentina’s Economy.

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