the warning of North American companies for the price freeze

the warning of North American companies for the price freeze

“The thread is always cut by the thinnest, the victims will once again be the more than 185,000 SMEs, for whom the damage in the application of the resolution may be their survival or the definitive closure”, the camera warned.

He recommended that the authorities continue the dialogue with the business sector in the “search for consensual solutions and applying truly efficient public policies to combat this scourge.”

The entity said that the current price control is not a measure that helps to fight against the inflation.

Noted that “The experience of Argentina and the world is very eloquent in that price freezes do not solve this problem, on the contrary, it transforms it into a time bomb that sooner or later will explode.”

“It is only possible to suppress prices for a period and then they return to their equilibrium levels. With this freeze, what will be generated is that the future drag will be of a higher price level when the measure ends,” he said.

For the entity, resolution 1050/21 on Domestic Trade -which set prices for 1,500 products until January 7, 2022-, “fails to resolve the macroeconomic imbalances that give rise to inflation.” Amcham demanded a “stabilization plan that gives clear signals on monetary and fiscal policy”

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