The Economist Orlando Ferreres in dialogue with Channel E He referred to what the inflation estimates are for 2024, when the dollar clampdown will be lifted, the recession prospects for 2024 and its impact on salaries and retirements. the main concerns of entrepreneurs about the Government of Javier Milei.
What are the inflation estimates for 2024?
Regarding the slowdown in inflation, the interviewee commented: “For us it gives us 18.6% inflation in January, which is a relatively high number, but lower than the 25.5 in December, but with a lot of recession.”
“That is why February drops more, due to greater inflation drag and lower increases,” commented the economist. Then he added: “We had planned for him to go to give between 15 and 12%, We don’t have it very clear yet but it will be there.”
While, according to Ferreres: “We would be having single digit figures for the month of June or something like thatand from there decreasing.” However, “inflation will be higher than last year.”
“In the month of March there may be a higher increase due to seasonality,” said the interviewee. But then he repeated that according to his forecasts, Argentina would return to single-digit monthly inflation in June.
When the stocks on the dollar are lifted
Regarding the exit from the exchange rate, Ferreres said: “For me the exit is going to be in stages.” “It is going to be removed and it is already being removed, but the important part remains and the country tax is just an examplethat’s why the Government said that it will not co-participate, because the intention is to get it out.”
Recession for 2024 and its impact on salaries and retirements
For the economist this year will be recessive and ““The labor sector and retirees lost a lot of purchasing power” although it is true”that we are at 2005 levels.” But this “did not happen only because of Milei, but this comes from Alberto Fernández, Cristina and Massa, who were the ones who lowered pensions the most.” he asserted.
However, for the interviewee, “I think there will be a positive impact on retirements and salaries in the second half of the year”
The main concerns of entrepreneurs
On the other hand, Orlando Ferreres said that the businessmen who consult him are most concerned about “They are the new taxes that came with the Omnibus Law project and that it was thought that with Milei it would not be like that.”
While finally, he indicated that another concern “It is the fall in real wages, to see how long they will be able to sell at the prices they have calculated.”
2024-02-09 17:56:29