Economist Juan Carlos de Pablo stressed today that there is no need to make hasty decisions now, as the ruling party’s results in the parliamentary elections brought calm and allowed the government to regain control.
“The specter of the next global flood has receded. In Argentina it will never go away. But if you were desperate to buy tickets for Noah’s Ark before the election, there is no such rush today.” There is room to continue to address real issues,” he said during a meeting with Planexware customers.
In that sense he said The outcome of the election had an impact from a decision-making perspective. According to de Pablo, first of all, The executive branch was no longer in a hurry.
“He continues to make decisions, but not out of desperation, not out of a corner. He’s called the governor, he’s had coffee with him, but concrete negotiations haven’t started. If the outcome of the election had been different, they wouldn’t have been the same. So this result has brought widespread relief,” he continued.
On the other hand, he also Implications for how we approach relations with opposition parties. “Some of the Congressional professionals are now in ‘thinking better’ mode. When Mauricio Macri says he left a dinner with Javier Millay disappointed, you have to understand that he is playing the role that would not have been his if Millay lost. “We’ve made a bet that we’re going to be given a discount. Perhaps this is completely dynamic. Everyone has to absorb the consequences as best they can. What’s important from a decision-making point of view is that the government is no longer in a hurry.”
Regarding exchange rates, he pointed out that: Demand for pesos increased And when faced with this, the central bank will respond by buying dollars. “Another government could have used the increased demand for pesos to finance the budget deficit, because ‘why balance the budget when the people want more pesos?'” May be issued for tax reasons. I should stop, thank you. This is because when the tide turns, increasing public spending or decreasing revenue is very difficult to reverse. “On the other hand, if you’re buying dollars, you have dollars, so if demand for pesos goes down tomorrow, you’re saying, ‘Look, here’s dollars,'” he reasoned.
Regarding the budget project, he said: Balanced budgets are “compatible with many things” and “rather than exhaust negotiations with the opposition, they orient the opposition.”
On the other hand, regarding Work style reform He said how much of the problem is “legislative, jurisprudential, medical, artistic.” And he added: “Even if you change the law and the problem is not in the law, you remain the same.”
Beyond this, he noted, there will be a revitalization of the economy. september There was Capital goods import dollars increased by 47% year-on-year. “I’m not talking about cars, I’m talking about tractors and machinery. What does this mean? someone is doing something I say this because the information is biased. You turn on the TV and see that factories are closing or someone is being laid off. Of course I won’t say no. But something is also happening. “Someone is opening a factory or expanding it, because otherwise we wouldn’t have this much increase in capital goods imports.”he explained.
Finally, he cited October’s inflation data of 2.3% and said he did not think his economic team was concerned if monthly inflation remained around 2% in the coming months. “We need to continue applying the same policies, the same recipe, to keep inflation down,” he concluded.
At the beginning of his talk, Planexware Commercial Manager Guido Pinto commented that Planexware’s mission is to connect businesses so they can work better. “We aim to streamline and optimize processes within the framework of traceability, providing technological solutions that help businesses supply, buy, and get paid better.”
Planexware is an Argentine company with over 30 years of history that develops and supports 24/7 solutions that connect over 15,000 companies that exchange over 8 million documents each month.
About The Author
