Putting the magnifying glass on the need to accumulate dollars, the former Government advisor pointed out the sectors that need a greater boost from the Government.
Fausto Spotorno, one of the best-known economists in Argentina spoke about the current economic situation and highlighted the four sectors that will help the Government to reactivate the economy after a year of recession.
Putting the magnifying glass on the need to accumulate dollars, he stated that Argentina should focus on improving sectors with export capacity. “The difference between exporting commodities or cell phones is that if you produce raw materials, the world always buys them from you and you don’t need a distribution chain, sellers, marketing, technical service and a lot of things that do require selling cell phones,” he exemplified in a dialogue. with LN+.
Fausto Spotorno analyzed the current economic situation
Therefore, from his vision, Argentina should focus on commodities: “This structure requires that the country of origin be stable. The reason why Argentina developed in this way is because macro instability prevents any type of distribution of products. , and it is enough to talk to any company to realize that this is the case,” said the specialist.
That is why he identified four key sectors. “In the short term we have agriculture, mining and oilthat should come out easier and faster, and behind it comes professional services, which is something that Argentina has been offering for a while and that has stopped a lot due to the stocks, a scheme has prevented the creation of large professional hubs,” he stated in the interview. .
And he added: “exporting agriculture implies that, as you increase the volume of exports, you need more investment in laboratories or machinery, and all of these are companies that are being created. The same thing happens with mining, as you exploit lithium, copper or gold, metalworking industries begin to develop around you.”
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On Friday the economic activity indicator is known
This Friday, the INDEC will release an important indicator of activity, the EMAE, for the month of September, which measures the progress or decline of all sectors of the economy.
According to the latest data for the month of September, economic activity accelerated its decline to 3.8% in August compared to the same month last year, although in the seasonally adjusted monthly variation it advanced, but barely 0.2%, as reported by the National Institute of Statistics and Censuses (INDEC). In the first eight months of the year, the Monthly Estimator of Economic Activity (EMAE) published by INDEC accumulated a drop of 3.1%.
Source: Ambito
I am an author and journalist who has worked in the entertainment industry for over a decade. I currently work as a news editor at a major news website, and my focus is on covering the latest trends in entertainment. I also write occasional pieces for other outlets, and have authored two books about the entertainment industry.
