Argentina declares 'national statistical emergency'

Employees of the National Statistics and Census Institute (INDEC) of Argentina gather in front of the building on August 12, 2009Argentina declared a “national statistical emergency” Wednesday, saying it will stop releasing data on the economy until the government statistics agency is overhauled and its numbers can be trusted. The move is conservative President Mauricio Macri’s latest assault on the economic policies of his left-wing predecessor Cristina Kirchner, whose administration he says practised dodgy number-crunching for years. The National Statistics and Census Institute (INDEC) will suspend publication of official data on gross domestic product, inflation and poverty, said Jorge Todesca, its new director.

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