On the political level, there was the presence of John Manzur together with the Minister of Education Jaime Perczyk, the Secretary of Communication, Juan Ross and; Martín Yañez of the head of the Cabinet of Ministers. And, on the opposition side, the presence of Patricia Bullrich and the surprise visit of Javier Miles.
Presentation by Juan Manzur and Patricia Bullrich
The Chief of Staff of the Nation participated in the event, before an attentive but skeptical audience. In a spare tone, the national cabinet official began his speech by recalling the impact of the pandemic and the negative effects on the economy due to Russia’s invasion of Ukraine. Manzur, highlighted the growth indicators of economic activity and registered employment, but also pointed out that the country has “levels of inflation and poverty that are unacceptable”.
In this regard, he shared “some indicators” with those present at the meeting, reminding them that in 2021 the Gross Domestic Product (GDP) grew 10.3% and exports were US$75 billion.
“Throughout this year the growth has been maintained and we are going to exceed the export levels of 2021, with a level by the end of the year of between US$85,000 million and US$90,000 million, both due to price increases like the volume”said.
Likewise, he added that “the installed capacity of the Argentine industry is in the order of 70%” and the unemployment rate “is 7%”, with “12.7 million registered jobs”, even though many companies express that ” specialized labor is lacking.
In his presentation, Manzur wondered “how do we continue” in a context dominated by “a weakened macroeconomy.” In this sense, he highlighted the “phenomenal wealth” in terms of minerals and food production, “but there is a third chapter that is very relevant today, such as energy.”
Finally, before an audience that gave him little applause, he highlighted the importance of education and was optimistic about the future of Argentina.
In another section of the event and before a sympathetic audience that filled her with applause, Patricia Bullrich She assumed herself as a candidate for the Presidency of the Nation and denounced that the Government seeks to eliminate the Simultaneous and Obligatory Open Primaries (PASO). In an “informal” interview with the economist and financial analyst Darío Epstein, the president of the PRO denounced that “we are in a situation of threat to the change of electoral rules” and told what the plan of Together for Change will be in economic matters.
The highlights
The second part of the event was characterized by a round of debate with Darius EpsteinDirector of Research for Traders, Marina Dal Pogetto and Martín Redrado where they spoke about the current economic situation.
Forceful and without hesitation, Marina Dal Pogetto urgently requested “a stabilization plan” and a framework of “political cooperation” to face the necessary measures. “With these levels of exchange rate gap and impossibility of accessing credit, the ability to generate dollars is not there.”
For the economist, Sergio Massa’s adjustment plan “is done by the acceleration of inflation” and remarked that “delaying the official exchange rate to this nominal value is lethal.” In another section of her presentation, she assured that the plan with the IMF “is not going to fall” but stressed that the only anchor of the economy is “paradoxically”, wages.
In the end, he stressed that the problem is ultimately political: “The sooner the better, the sooner the stabilization is done, there is no room to do it in this government. Cooperation is needed.”
Where are we going? for Dal Pogetto there are no doubts: “higher inflation, no dollars to grow.”
She was joined by the economist Martin Redrado which maintained that in order to reduce the current levels of inflation, “a stabilization plan is required, with monetary and fiscal laws that are converging over time, with the support of Congress and predictability” and marked five key measures to get out of the crisis. Regarding the situation, the economist was skeptical that there could be momentous changes until 2023.
Redrado’s diagnosis and his five proposals in the face of the crisis
At the end of the event, after noon, the Latin Economic Forum had the surprising presence of Javier Milei. In a brief clarification, Epstein stated that he wishes to invite Cristina Kirchner Y Axel Kiciloff for next year, which will probably be in the middle of the electoral climate.
With a diagnosis on the Argentine economy, the histrionic Javier Milei He spoke for 40 minutes before an auditorium packed with businessmen and economists where he developed his ideas and proposals for the Argentina of the future. He was optimistic about the future of Argentina but raised the difficulty of making transcendental changes in a political system dominated by two sectors in dispute.
What are the causes of “the worst crisis in Argentine history”, according to Javier Milei
The striking thing was when, in a kind of “sincericide”, the deputy assured that politics is “worse than imagined” and clarified that he continues to live from the private sector. In this framework, he assured that Argentina “has to be a big adjustment.”
In his speech, Milei quoted Alberto Benegas Lynch, whom he defined as the “national hero” of liberalism: “liberalism is the defense of life, liberty and property” and he proclaimed himself as the future candidate for President of Argentina: “I am the president of Argentina himself, we are going to get you out of this socialist trap and we are going to be free and great again. I invite you to be part of the reconstruction of Argentina. We are going to be power. Long live freedom damn!”
Source: Ambito
David William is a talented author who has made a name for himself in the world of writing. He is a professional author who writes on a wide range of topics, from general interest to opinion news. David is currently working as a writer at 24 hours worlds where he brings his unique perspective and in-depth research to his articles, making them both informative and engaging.
