A group of Argentine businessmen is optimistic about the combination of an economic wave and political stability, considering that it could pull the country out of the current situation. One of them indicated that the market's response is always reflected in people's pockets, as Juan Carlos Pugliese, former Minister of Economy under Raúl Alfonsín, well expressed.
At a recent economics and finance event, there was a discussion about the decrease in Argentine costs and the lack of an increase in systemic productivity that could offset rising costs. Some regional CEOs expressed their concern regarding this situation and highlighted the importance of reinvesting in the country.
Another relevant point was the need for structural reforms, such as fiscal, labor, and pension reforms, to continue reducing Argentine costs and discourage informality. However, some businessmen expressed skepticism about the possibility of carrying out these reforms, mainly after the mid-term elections.
Regarding politics, the importance of reaching political agreements that transcend different governments for greater stability was discussed. The role of governors and the power struggle between different political parties were also topics of interest for investors.
On the other hand, economist Marina Dal Poggeto mentioned a silent revolution in companies, which are now focusing more on sales than on relationships with regulators. Furthermore, the necessity to continue lowering taxes, deregulating, and opening up competition to improve the country's competitiveness was emphasized.
In summary, businesspeople and analysts are cautiously analyzing the current economic and political landscape, considering factors such as structural reforms, political stability, and the need to continue working on productivity and the competitiveness of the country.
