Miguel Ángel Broda analyzed what could happen with the exchange rate and revealed what value the price should be at to ensure the competitiveness of the Argentine economy.
This Thursday the blue dollar was trading above $1,200, in this regard, one of the most listened to economists in the city, in this regard, Miguel Ángel Broda analyzed what can happen with the exchange rate and revealed At what value do you think the price should be so as not to lose so much competitiveness with respect to neighboring countries.
For Broda the price should be between $1,250 to $1,300. This happened during an interview with the YouTube channel Ahora Play, the economist also shared some criticism regarding the Government’s plan and spoke of several “vulnerabilities”.
“I am very concerned about the exchange rate delay and the effect on the economy”Broda warned and added: “You cannot open the economy with a gifted dollar. It is the same mistaken idea of Martínez de Hoz with the excess supply of dollars and, therefore, purchases by the Central Bank. ESo he ruined Martínez de Hoz. Probably other reasons why there was also a fiscal deficit“.
Broda noted the need to advance structural reforms since “they are overdue,” such as a tax reform and a long-term fiscal rule.
Source: Ambito
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