A year ago, with the uncertainty preceding the presidential election, no one could have predicted the events of December. Fiscal effort and the possible implementation of a productive agenda that takes into account Argentina's economic challenges are highlighted. Despite this, official measures are recognized, such as tax reductions, an ongoing labor reform, and deregulations in various sectors.
During the IDEA Colloquium, the importance of investments, the issuance of dollar bonds to capitalize on demand, and the increase in consumption were discussed. Although the government remains focused on the short term, business leaders are starting to consider changes with an eye toward the future, envisioning a challenging 2024 for several sectors.
As months go by and the macroeconomic situation normalizes, a shift in focus towards long-term discussions is observed. The recent IDEA Colloquium in Mar del Plata reflected this transition, generating hopes for a different future.
The motto of the Colloquium, "It's now," emphasized the importance of defining the relationship with the International Monetary Fund and the approval of the Budget. The surprising emergence of Javier Milei in the political scene initially caused confusion, but after ten months of management, there is a notable change in general perception.
Multiple panels emphasized the need to create a roadmap for a tax reform that boosts competitiveness and growth, moving away from expectations like the elimination of the currency control. Business leaders are beginning to adapt to the current reality, with sectors like energy, mining, and agriculture showing better resilience than others in the face of economic challenges.
