The Economist daniel marx considered today that the definition of ruling party candidates for the next presidential elections could “guarantee serenity to investors and markets.”
In his opinion, the economic measures “imply political decisions”, at the same time that he said that “the definitions of candidates allow us to see how the problems are going to be solved”.
On the other hand, the former Secretary of Finance assured that the blue dollar at $442 -as it closed last Friday- “is expensive.”
“From the point of view of purchasing power, if one compares the same products in other countries using exchange rates, it turns out that Argentina is cheap and the price is expensive,” he pointed.
And he added: “People seek to protect themselves against the loss of the purchasing power of the peso and the dollar offers itself as an alternative. For this reason, lpeople are willing to pay top dollar.
On the other hand, he maintained that in the coming days it will be necessary to pay attention to “how the Central Bank is going to intervene in the market and how some signals will be given to gradually lower the inflation rate”, while he indicated: “If there is signs of further fiscal and monetary consolidation, that would help.”
According to Marx, in the market “they are waiting for the economic horizon to lengthen in order to make investment decisions and for activity to mobilize with that.”
Speaking to the HTH program, which is broadcast by FM Blue, the economist also indicated: “There is a lot of talk about the development of Vaca Muerta, lithium, incentives for agriculture, but there are things pending to define the economic framework. I would remove the tension from these days to evaluate how to mobilize resources to guarantee growth in the short and long term.”
Source: Ambito
