economic, Natalia motelSpeaking with Channel E, he stressed Argentina’s macroeconomic scenario and warned that despite the inflationary slowdown, the country faces serious structural contradictions.
Natalia Motyl explained that these problems arise from the exchange, monetary and financial front. According to him, the country maintains “the exchange rate late“Very high real rates” ends at the end respression Key Sectors” and “Financial Stress”. From above For the Latin America region.
Who is affected by delayed disbursement?
Regarding the issue of the exchange rate, he stressed that the dollar’s lag affects both traditional exporters and industrial sectors: “You have two main factors that affect: External competitiveness and demand for foreign exchange being suppressed“.
Motyl explained that maintaining a high exchange rate generates reserve accumulation problems: “Maintaining a backward exchange rate It also causes difficulties for you in purchasing currencies You can collect the necessary percentage for the central bank.
He also pointed out that the government chose the political path rather than the macroeconomic path: “It chose the first path This didn’t workUnfortunately.” He warned that international organizations expect a sharp correction in the exchange rate: “After the jump It’s very sudden This affects Negatively on economic activity.”
The exchange rate delay and its impact on productive sectors
In an academic tone, the interviewee admitted that the approach chosen by the government would be rejected: “You are killing a lot of productive sectors Which exports Argentine products to the rest of the world.” In the same vein, he added: “Unfortunately you are killing them because… Underdeveloped exchange rate, very high real interest rates, as well as trade openness“.
Regarding the prospects for 2025, he said: “It is expected that there will be economic growth ranging between 2 and 3%, but led only by… Through traditional sectors such as energy, mining and the agricultural sector“.