In his opinion, the Minister of Economy, Silvina Batakis, “made a good diagnosis” of the situation, but considered that there are doubts about whether its measures can be implemented “for political or technical reasons.”
In dialogue with This morningthe program that Pablo Rossi hosts on Radio Rivadavia, Broda considered that “the lack of direction paralyzes and continues with an extravagant economic policy. There is a very important pessimistic feeling that would be changed at least with a little program that allows reaching the presidential elections “.
“That is why I say that the government’s model is one of holding out until the 2023 elections arrive. They are running out of bullets. It is a very worrying situation because patches and remedies are running out. The only thing that can be done is to prevent things get worse. And that creates enormous uncertainty,” he emphasized.
The economist considered that the Government “does not have the possibility of reversing this malaria”, but it does have the possibility of “stretching and holding on” until the end of the mandate.
Regarding the inflationary context, he argued that it is “avoidable” to reach two monthly digitss, but said: “The current level is very high. And the higher it is, the more risk it spirals.”
Finally, he pointed out that if the The Government decides only to devalue and not apply another measure to avoid a spike in prices, the country’s situation is going to get worse.
“Exporters liquidate much less currency, hoping there will be a devaluation jump, which may or may not happen, but if only a devaluation takes place, it will be worse,” he concluded.
Source: Ambito
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