The economist Carlos Melconian considered today that the package of measures announced by the national government to attack inflation complicates the scenario instead of contributing to its solution and pointed to the “dissociation” that exists between the indicators and the claim of candidacies by acclamation within the ruling party.
“Ads complicate instead of contributing,” said the economist in statements to the press. “The one that worries me the most is the rise in interest rates because to contain those who have pesos it is nothing and in terms of the Central Bank’s liabilities they continue to throw kerosene on the fire,” he explained.
Melconian was blunt in maintaining: “I would put the rate at half. Or do you think that whoever wants to lose weight is going to look at the rate at 97%? “The future is that you have to fix the fiscal deficit. You need inflation and the interest rate to help you liquefy and another exchange rate ”, he added.
The former director of Banco Nación warned: “Everything you repress now you have to clarify later and we are just May 15.”
In addition, Melconian focused on the presidential aspirations of the Minister of Economy, Sergio Massa, and remarked that there is a “dissociation” between the results of the administration and the claim to be a consensus candidate. “Here there is no operative outcry. Here what there is is a terrible ca… to the transition”, Melconian graphed and immediately asked himself: “Is there really someone from the ruling party thinking that they will go out on the field and win with these indicators?”. “If I look at GDP, inflation rate, wages and poverty rate, in all four cases they are worse than in 2014, 2017, 2019 and 2021 and much worse. There is a dissociation between economic results and wanting to be a candidate, ”he insisted.
Regarding the relationship with the IMF, he understood that the negotiation is in a “vegetative state” because the drought introduced a factor that was not foreseen and broke with the “let’s see” plan. “The economic plan is to reach August. The plan that had started with the objective of stabilizing the instability between August and December 2022, has suffered a knockout impact that is the drought, ”he added.
Melconian affirmed that “the drought made what has been implemented up to now fail and even the complicity of ‘I look the other way’ from the IMF fails.” “The relationship with the IMF is in a vegetative state. Here the question is who takes the initiative in the ruling party. The measures are to stretch a chewing gum that is hard, ”he remarked.
