In the aftermath of President Alberto Fernández’s fiery speech at the start of regular sessions of Congress, in which the president addressed the market, warning of the importance of taking care of reserves and achieving fiscal balance, the government follows carefully the price of the blue dollar, which remains at 375 dollars.
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Last First Day and a giant crack on the state of the economy
Alberto Fernández with Cristina Kirchner at the Congress. Photo: Bloomberg.
The president overlooked the fact that year-on-year inflation exceeded 100% in February, news that INDEC will release when it releases the CPI for last month, in mid-March. But he acknowledged that inflation is a very difficult problem to solve. Another case of observation and commentary on reality.
That was the tone of his “last first day” speech, given that today could be the last time he will open an ordinary session. It will depend on whether or not he runs for election and ultimately gets re-elected or not. Read more here.
Taking care of reserves and achieving fiscal balance: the two messages to the market from Alberto Fernández’s speech
In his opening speech to the regular sessions of Congress, President Alberto Fernández did not include any new economic measures. But he stressed the importance of “increasing exports”, “taking care of foreign exchange” and achieving fiscal balance, all issues the government has discussed with the International Monetary Fund.
In an excerpt from a speech that seemed more balancing his management than proactive towards next year, the president said: “Despite the cataclysms announced so many times, we continue to put our economy in order”, and thanked the former president direction of the Chamber of Deputies Sergio Massa, in front of the Palacio de Hacienda. Read more here.
Source: Clarin
