The speed and amount of economic re-monetisation, the stimulus the reopening of the economy gives to demand for money, and the impact of future trade deals and announcements will, among other things, determine the pace of foreign exchange reserve accumulation in the coming months.
it is part ofIt’s a mystery that arose after the “financial party hangover” after the parliamentary elections, and it remains to be seen how it continuesaccording to a diagnosis from a major investment bank. This sequence is Ricardo Deci, Chief Economist at Citihe defined this moment with “moderate optimism.”
Dessie is played by In any scenario, a recovery in Argentine assets awaits in principle, as some, but not all, chances of a reversal of government policy disappear after the parliamentary elections.. After all, the fate of the economy remains likely to be questioned every two years.
The City Economist He praised the government’s ability to learn lessons, including its generous efforts to reduce inflation at the cost of putting other variables at risk.it ignores international experience with more modest actions, such as the stabilization of Israel and Uruguay.
“I think the minister’s proposal now is very interesting. It seems that the minister wants to do all the research before choosing the treatment to apply to the patient. That is why it is not so easy to be sure what the preformation plan will be,” Dessie said.
It is natural and healthy for economy ministers to want to have a full diagnosis before defining any policies.
In this regard, contrary to many analysts, Citi economists believe that the goal set with the IMF, which means the accumulation of foreign exchange reserves of around 9 billion US dollars, will be achieved. “The agreement should be implemented, and if it’s not, it’s a bad sign,” he said. “But there is also no sign that the goal will not be achieved,” he stressed. And in that sense, he returned to the uncertainty at the moment about how the remonetization of the economy will occur.
Contrary to Sens, in terms of country risk ratios, Mr. Dessie thought that we should not expect the same levels as Uruguay and Peru for the time being. “It took 25 years to reach this level. The country’s risks are fed by two elements: one is the closest element, remediation, which is itself much more difficult and more costly than the first phase in recent years, which involved labor, taxes, microeconomic reforms, route construction and the sustainability of these changes,” he pointed out.
In that sense, “What the market saw in the election is that two-thirds of the population supports this model and 30% strongly oppose it,” he stressed, which is no small thing for the country’s path.
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