for the economist Jorge Neiroin this first quarter, growth would tend to zero and explained that the construction goes through a “recessive stage more, while the industry just shows year-on-year falls“, as highlighted in dialogue with Argentine News.
In the same lineFausto Spotornofrom the Orlando Ferreres & Asociados consultancy, said that the numbers in the red in the first quarter would be added contractions between April and June. If that scenario occurs, the activity will have entered in recession just before elections primaries scheduled for August. “It is possible a recession scenario for the second quarter of the year,” he said.
for the economist Lorenzo Sigaut Gravinafrom the consulting firm Equilibra, “there is also the issue of drought that adds to the electoral issue”. While Sebastian Menescaldifrom EcoGo, noted that Since last September “a recessive bias began to be noticed” and added that “this sign had a negative impact on the imports and the investment“.
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The consensus among experts is that the government will introduce incentives in the economy for sustain production in the second quarter of the year. To this will be added the entry into operation of the Nestor Kirchner pipelinePlanned for July and that was confirmed by the Minister of Economy, Sergio Massa. will allow a savings in energy imports for 2023.
President Alberto Fernandez assured that the Argentine economy is the second fastest growing after China. To maintain that pace, the country should seek more investment in the energy sector and lessen the restrictions on access to dollarsestimate specialists.
Source: Ambito
