@mark_slapinski It’s helps the Canadian economy by reducing risk of cost increases and as a consequence inflation when passed on to consumers. What’s the issue here?
@WallStreetSilv So I’ve been seeing this accounts tweets pop up often and most of the time it’s half baked comments with little research. The is is the reason inflation is down and it matters little as the economy is shrinking leaving people poorer. A sign of recession as opposed to progress
@WallStreetSilv “You’ve had a massive collapse in private spending, which explains why consumption has dropped dramatically and why inflation is also falling,” said Monica de Bolle, a senior fellow at the Peterson Institute for International Economics who studies emerging markets.
@WallStreetSilv Even so, some experts warn that falling inflation isn’t necessarily an economic victory — rather the symptom of a painful recession. The IMF expects Argentina’s gross domestic product to shrink by 2.8% this year.