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Inflation, the dollar and the future of Guzmán, the questions of traders

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Inflation, the dollar and the future of Guzmán, the questions of traders

Martín Guzmán spoke in front of businessmen for the third time in a week.

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Prospects for inflation and access to the single free exchange market (official dollars) They were, without a doubt, the main concern of the businessmen who received Martín Guzmán this Thursday at the charming Alvear Palace hotel. But so is the future of the Minister of Economy and the program agreed with the IMF, amid the internal explosion that shook the Front of All, with no clear direction yet.

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That’s the climate felt in the hallways of the building located in the Recoleta neighborhood, where the Inter-American Council of Commerce and Production (Cicyp) holds lunches with public figures annually. “Inflation is running”warned the former head of FIAT, Cristiano Rattazzi, one of the businessmen who settled in Uruguay of the arrival of Alberto Fernández.

Despite this diagnosis, which feeds bill passes within the Executive, Rattazzi supported Guzmán’s continuation. “Really, have to keep going,” he exclaimed. And not just him. Another key member of Cicyp warns that his ejection, a possibility that has been evaluated in recent days according to versions that have occurred, “will be unfortunate.”

However, the uncertainty is the dominant mood in the palace with touches of French style. Although in public the head of the council and president of UIA, Daniel Funes de Rioja, called the minister “accompanying”, industrialists are examining different situations. “Axel Kicillof, Cecilia Todesca or Martín Redrado may come, there’s a quilombo now”they met.

“More important than the right names is there’s an agreement,” said José Urtubey, from Celulosa. “The most worrying is inflation and energy”He added.

Meanwhile, a construction man confirmed that the political conflict is causing “chaos” in investment and practiced self-criticism: “I thought Cristina Kirchner was fighting Guzmán so as not to have anything to do with the IMF, but if If he wins the war, he will also be responsible for the economy, “he said, although he assessed that the minister” will fight back. “

Winter gas prices, rising US rates and currencies are also on the table. Guzmán yesterday promised an order to relax exchange restrictions in the energy sector, a move that still does not clarify doubts in some sectors. “We are worried about the lack of foreign exchange to import,” said one coffee maker.

Source: Clarin

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