The former economist expressed his position on the decline in financial dollars and also stated that “the entire exchange rate regime in Argentina must be redefined.”
Carlos Melconianformer resident of Central Bank (BCRA) and economic advisor during the presidential candidacy of Patricia Bullrichpositively valued the economic direction of Javier Milei’s government. He also warned that drop in parallel dollars Like the fiscal balances “they advance on very weak bases”.
In statements to Radio Miter, the former economist celebrated the recent downward trend of parallel dollars. “Always tranquility in the economy is a good advisor, much more so in a country like Argentina. (…) That tranquility and the consolidation of the economic program, we are not there yet, “The ideal is for it to happen in the most genuine way possible.”he claimed.
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Argentine News
Melconian on prices and wages: “Neither electricity nor gas had a price that they should not have.”
who served as president of the BCRA during the first two years of the presidency of Mauricio Macri He also referred to the level of income at this time of the government of Javier Milei. “Here it is totally true that Neither electricity nor gas nor some products had a price that they should not have and so? generated excess demand because “they gave themselves away”he commented.
“Now let me say something, “Salaries are not at international levels either.”he added.
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Carlos Melconian and his analysis of the current economic scenario
“The tranquillity seen in him financial area and is measured by the tranquility of the quote and the gap. He balance of the treasurywhich does not require monetary issue —because one of the central points is that the fiscal deficit cannot be financed by any mechanism—it is also there,” he clarified.
“And then there is the real economy. The real economy is the consequence at the end of the day of an economic outlook that is very bad, always with shared responsibilities. Without going to Adam and Eve, I could go to 2011, and stagflation is installed in Argentina since that year. (…) What there is going to be is a deepening recession. That is the worst layer, because it is the one that binds the slap,” Melconian continued.
He explained that that tranquility has just established “when the elements that compose it become genuine and sustainable. Specifically Argentina’s exchange rate regime has to be resolved and of course the tax numbers“.
Source: Ambito
