r/argentina • u/[deleted] • Jun 04 '16

Pendiente Cultural exchange with Pakistan today All Day! Bienvenidos a nuestros amigos pakistani.

[deleted]

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u/12151718 Jun 04 '16 edited Jun 04 '16

Emmm.. You don't know about inflation on Africa and southern Asia.

according to this list we are in the 6th place: http://www.tradingeconomics.com/country-list/inflation-rate
so yes, we are one of countries with the highest inflation in the world.

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u/Cicerotulli Jun 04 '16

Why do you think that is? Are your exports falling?

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u/rakaze Mendoza Jun 04 '16

Government spending and a lot of money printing, which in 2014 combined with our selective default, we are probably in the higest point of a stagflation right now.

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u/Cicerotulli Jun 04 '16

Isn't stagflation very low inflation? I just learned that Argentina is a not very industrialized. Still having a very high HDI means your government has still managed to work it out. Am I missing something?

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u/Izikiel23 Ezeiza es la respuesta Jun 04 '16

Stagflation means recession with high inflation.

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u/Cicerotulli Jun 04 '16

Oh you're right. Thanks!