The Secretary of Industry and Productive Development, José De Mendiguren, ratified the course of economic management.
With the desire to continue taking steps towards macroeconomic stabilization, the Ministry of Economy He continues to show calm gestures and financial integrity. In that sense, Jose De Mendigurenwho had highlighted the flow of investments in the country, returned to support the decisions of the portfolio that it integrates and forecast a growth horizon.
He Secretary of Industry and Productive Development estimated that “this year the economy will grow 2%“, based on “energy consumption, occupancy level in industrial parks.” “I don’t think there will be a recession today because in the last two months the industry has grown, we maintain investment levels and a few years ago we had record months of agricultural machinery production“, he analyzed.
Interviewed in radio with youadmitted that inflation “is a complex issue and the main problem in Argentinaand this impacts employment and the purchasing power of salary; It is not only a social problem, but also an economic one because there is no market without the purchasing power of wages”.
However, he highlighted “the measures we were taking to maintain the level of activity, the employment level we were able to preserve it; now we have to go for the purchasing power of the salary”. “There are two main paths for inflation: a orderly fiscal pathwhere the variables of the economic policy; and lower expectations,” she added.
In this sense, he also referred to the price agreements with producers and businesses: “If you sit at the negotiating table based on past inflation, you add gasoline to the fire, that’s why it’s about being able to build a silver bridge until structural measures take effect“.
Subsequently, he acknowledged that “it hurts a lot” the statistics of povertypublished by the INDEC and proposed “acting in two ways: with concrete containment through the Ministry of Social Developmentand structurally, attacking the specific problem with the economic growth“.
On the other hand, he ruled out a possible devaluationconsidering that “it is utter recklessness“. To reduce the gap in foreign currency prices, he understood that “we must get out of the crisis, and we are committed to coming out growing”.
Finally, he spoke about a possible presidential candidacy of Sergio Massa: “For me, a candidate like Sergio is a luxury, I’ve been with him for a long time, I know him in every way, I know he never gives himself up, I know his ability to work.” Despite this, he pointed out that “with the level of problems that exist” the minister “He does not have time to do politics and think about candidacies“. “We are at stake as well or badly as we do things,” he concluded.
Source: Ambito
