Post by account_disabled on Feb 20, 2024 4:33:41 GMT -5
A few hours after Javier Milei took office as President of the Nation, the certainties about what is coming in economic matters are equated with the uncertainties. The senior manager of one of the most important mass consumption companies in Argentina commented over the weekend on one of the central problems that companies have today, which is trying to define a macro framework to execute the budget. Inflation of 20% in December with a commercial dollar of $800 at the beginning of the administration of the designated minister Luis Caputo Delivering an inflation of 20% monthly for the first quarter and betting that the increase in the cost of living will tend to drop to 6% monthly in the second semester, when an improvement in economic activity could be noted.
When asked why a dollar is worth 800 dollars and Mexico Mobile Number List not 650 or 1,000 dollars, the reasoning revolved around the fact that the president-elect will finally lean towards a "controlled fiscal devaluation." That is, businessmen and bankers believe that Caputo's plan will contemplate a significant devaluation (Massa raised the official dollar to $400 on the last day) of the order of 50% while maintaining withholdings on agricultural exports and the COUNTRY tax for imports. In this way, Caputo will seek to give a twist to Sergio Massa 's exchange scheme consisting of buying relatively expensive dollars to sell them cheap and measured.
Maintain or increase the COUNTRY Tax Making imports more expensive and, at the same time, increasing income in the search of not devaluing more to avoid an even greater inflationary jump than the one that is taking place is part of one of the most sensitive issues of the government that Starts. On Friday Shell took the lead with the increase in gasoline (it is striking that a liter of gasoline costs practically the same as a bottle of mineral water at a kiosk) and the queues in some supermarkets reflected the fear of rising prices. A report by the consulting firm Equilibra (Diego Bossio-Martín Rapetti) maintains that: « Inflation during the presidency of Alberto Fernández accumulated 916% , which gives a monthly average of almost 5% above the second term of Cristina Kirchner (2.2 % monthly) and Mauricio Macri's management of 2.9% monthly.