Juan Carlos De Pablo: “In economic policy we will be ‘in God’s mercy’ until the end of next year”

“We are at God’s mercy and this is how we will be from here to the end of next year”. Economist Juan Carlos de Pablo, who, true to his edgy style, spoke in front of a group of companies, referred to the Argentine situation with a grim prognosis regarding the economy, politics, inflation and debt to the International Monetary Fund.

Before starting with a specific overview of the economy, the economist said that “if you haven’t read the newspaper in Argentina in the past three weeks, you will be surprised. We are in a whirlwind.” put on guard.

For De Pablo, to understand the local situation one must look at politics, and in this sense he assured him “Today you don’t have political power with leadership. So anything generates susceptibility.”

“Where are we politically?”, He wondered. “In electoral matters, 2021 has already passed and by 2023 there is still a lot to do”, she warned. At the moment you commented, “the election year is decided in the middle of next year because the cards are not shown in advance”. “And what happens in the midst of all this?” he asked again. “We have what we see, there is no mystery, what you see is,” she said.

In that pun, he pointed out that what he sees is “a frayed president, nobody believes in”. “The officials themselves are dying of laughter,” she stressed.

Starting from that preconception that the economist almost always resorts to, the one who says that to know how the economy is doing you have to look at politics, De Pablo assured: “Once again we don’t have an economic direction, we have individualities. You don’t have a political guide and when you don’t have a guide you are paralyzed. “

“We are in the ‘good of God’ and this is how we will be from here to the end of next year,” he said.

Then he underlined that “the monetary unit must be chosen in a comfortable way. Is there no one next to Alberto Fernández to tell him how we really are?” And he added: “If the inflation rate is 60%, the parity must be similar. If there is a hyper, you have to sit down to negotiate again. “

When asked by Clarín what projections he could have made for the third quarter, the economist laughed and said, “You’re making me pay!” Earlier on Radio Boing he had indicated: “When they ask me how I see the third quarter, I want to answer that I don’t see next week “.

“We have a reality that says that economic policy is ‘for God’s sake’. And we will be like that until the end of next year,” he reiterated. And in that line you commented in front of the customers of the Planexware company: “We pray that the hyper (inflation) does not arrive because the reaction capacity of this government is very small or nil. You have no team, you have nothing “.

As for the deal with the International Monetary Fund (IMF), he assured it “They have already given us the money and we will never pay it“, and in this sense he also said that” if we had not complied, nothing would have happened “.

Price feast for cereals

The international context that helps Argentina, wheat prices are at an all-time high. Soybeans, for example, are trading close to $ 640 and sales are expected to increase further in the coming weeks. However, for De Pablo this situation will not be eternal.

“We must be aware that Argentina does not exist for the outside world”, and that “we are seeing”. In this regard, he stressed that the Russian invasion of Ukraine, which has been going on for three months, “it will not be eternal” and therefore “even the prices of cereals will not rise forever”. “This is somewhat transitory,” he said during a crowded zoom organized by the company Planexware (which deals with the digitization and integration of transactions between customers and suppliers).

YN