“It is clear that the Argentina has had decades of ups and downs and a process of expansion of public spending,” the businessman, former head of the Coordinator of Food Products Industries (COPAL). “This stabilization obviously brings with it problems,” he added. regarding the adjustment that the libertarian president implemented.
In this regard, he stated that in recent months “there were accumulations of stocks and an anti-inflationary policy that gives results,” but clarified that this was accompanied by “a market contraction internal”.
Daniel Funes de Rioja spoke of a “long process” of economic recovery
Regarding the decline in consumption and the slowdown in the economy, Funes de Rioja sees a light at the end of the tunnel, but the way out will not be easy. “It seems that we have hit rock bottom,” he said, although he considered that “a rapid recovery will not occur.”
However, he said that some sectors “They are reacting after a sharp fall” and he dared to point out that “there are elements that will appear and will have a knock-on effect on some provinces, But we will have to see how long this process is to get out of the recession”.
For Funes de Riojaone of the aspects to consider in the recovery process is “see what happens with public works.” “All of this is intertwined and we are observing it with surveys within the organization itself. industry”, He pointed out. In any case, in dialogue with the program CNN Morning which is issued by CNN Radiothe industrialist indicated that, in his opinion, “There are no categorical judgments to say everything is bad or everything is good.”
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Argentinian News
Daniel Funes de Rioja referred to the restrictions and asked for a SME law
Regarding the impact that the crisis is having on small and medium-sized companies, the head of the UIA did not hesitate to point out that “there is concern.” “We want a SME Law”he added, with the aim of generating “more employment” in the local economy.
Regarding exchange restrictions, Funes de Rioja considered that “Whether you do it in one day or gradually, I think you have to do it as intelligently as possible. The issue of the exchange rate restriction must be linked to the policy regarding investments.” “Policies must be articulated,” he concluded.
“A major tax reform is needed,” Funes de Rioja requested
A few days ago, in the run-up to the Council of the Americas, Funes de Rioja He demanded that there is still “to be done” tax reform important.” And he called for further progress on labor matters.
“We must make a tax reform “It is important to complete the measures in terms of labor, to look at the logistics costs and the infrastructure necessary to create a country that not only produces competitively for the domestic market, but can also export,” the industrial businessman emphasized.
The president of the UIA He acknowledged that with the reduction of public spending and its participation in the GDP, “there are these in terms of what makes create businesses and jobs“. In this sense, he also highlighted that the “right to property” was reaffirmed as of the May Act, which makes Argentina “ reliable to invest” because “the rules of the game will be respected“.
Source: Ambito
