Economist Daniel Artana, a specialist in Latin American economic issues (FIEL), analyzed the current economic situation in Argentina, risks and calls for action in the areas of value and high-interest rates. By his words, the partial dollarization of the economy allows for about 4 million dollars a month, which significantly increases stability in the economic sphere. Artana pointed out that the main task is to save the balance between stabilization and devaluation, and a move to a more realistic exchange rate. In this regard, he also spoke about the possibility of a new president in New-York, where the politician stated that 'it is not necessary to create a new currency for managing the microeconomy'. Thus, according to the expert, the current course in the direction of a more flexible financial system is a step in the right direction.
Artana pointed out that the key task is to maintain the balance between stabilization and devaluation. He predicted that the next course in 15 500 pesos for a dollar without adequate mechanisms is unsustainable. Artana also noted that the anti-inflation policy of Milei 'gave a primary result with the rest of the central bank', which, according to him, became 'the result of a soft devaluation of the currency'.
According to him, for the stability of the country's economy, it is necessary to move to a more flexible system, but with certain reservations. 'These urgent percentage stakes are not sustainable. Only one can ignore the real growth of the economy: without production and demand there is no sustainable growth of income and costs', - he said. High stakes before the choice were already determined, according to his words, by the real sector: 'Companies report high profits, and this leads to higher income for workers'.
Artana pointed out that the budget balance should remain the basis of the economic strategy. 'Do not need to resolve all issues at once, instead, we need to focus on the real growth of the economy: without production and demand there is no sustainable growth of income and costs', - he said. High stakes before the choice were already determined, according to his words, by the real sector: 'Companies report high profits, and this leads to higher income for workers'.
According to the investment, Artana expressed his opinion in the privileges of Argentina for large projects: 'Nothing invests millions in other countries, unless there are not enough guarantees and guarantees'. He added: 'The economic stability is unthinkable without political stability'. He also pointed out the potential power in the module of the course through swap-agreements with the SBA, but predicted: 'Do not need to deal with real currencies'. He advised to save 'balance of bread' and avoid the previous mistakes, such as as such a predetermined distribution of the nation, which, according to him, leads to a 'crisis of the day and gold for tomorrow'.
