In line with Javier Milei, economist Carlos Melconian also estimates that inflation could consolidate at single digits in the coming months, “considering the latest measures adopted by the Government”. The former president of Banco Nación also underlined that “a phase is closing” and that Argentines “are faced with a cultural change”.
“The economy is on an emergency path, more so beyond discussing alternative paths, where every sensible person who arrives should change things, like those that are being changed”, he underlined. And he added: “As it was, it could not continue, and I resisted because we are close to an electoral process.
In conversation with LN+, Melconian added a twist to his belief that the CPI will be in the single digits: “If the dollar hadn’t started at $800, inflation could have even been lower. A first phase is underway in conclusion. But we will certainly continue with another period of high inflation.”
“We should start thinking about a single monthly figure, as little as possible, in a period of transition, where things continue to fall into place,” he noted.
In this sense, the man who would have become Minister of Economy if Patricia Bullrich had won explained what other factors will influence a decrease in inflation: “How do they follow politics, the laws, the monetary sustainability, He exchange rate result”.
“Inflation was probably in line with what this administration expected when it decided on this initial $800 dollar regime,” he explained.
A fundamental element, for Melconian, will be seeing how it will affect “the tariff issue and fiscal consolidation” and said: “We will enter normally for Argentina, even if it is not normal, in an inflationary figure,” he said.
“As a professional economist, at my age, I believe this The institutional question must be resolved because we live in a democracy, the country has three powers, the people punish with the vote,” he said.
Regarding this point, the economist assured that the consolidation of public finances carried out by the Government would also have to be carried out by Union por la Patria if it had won the elections. “I couldn’t continue like this,” he stressed.
Speaking of retirements
When it comes to retirement, Melconian warned of the need to change the formula.
The economist said it was a “priceless explosion” in salaries and criticized President Javier Milei’s comparison of several years’ worth of pensions in dollars.
“In pesos, pensions are declining. In each particular pensioner or in the general pensionable mass. The year 2024, its collapse or not, will depend on the amount of additional bonuses that the Government will grant, ”he defined.
In this regard he concluded: “The continuity of the previous pension formula e Inflation will continue to drive down pensions.”
SN
Source: Clarin
