In line with Javier Milei, economist Carlos Melconian also evaluates that in the coming months inflation could consolidate in single digits,
"considering the latest measures taken by the Government
. "
The former head of Banco Nación also pointed out that “a stage is ending” and that Argentines “are facing a cultural change.”
"The economy is on an emergency path, regardless
of whether we discuss alternative paths, where any sensible person who arrived would have to modify things, such as those that are being modified," he stressed.
And he added:
"As it was, it couldn't continue,
and I held on because we are close to an election process."
In dialogue with LN+, Melconian added an edge to his belief of a CPI that will be in single digits: "If the dollar did not start at $800, inflation could have even been lower. A first stage is ending. But surely continue with another also of high inflation".
“
We would have to start thinking about a monthly one-digit rate,
as low as possible, in a transition period, where things continue to fall into place,” he said.
In that sense, the man who was going to be Minister of Economy if Patricia Bullrich won detailed what other factors will influence a drop in inflation:
“How do the policies,
the laws, the
monetary sustainability,
the
exchange rate outcome
continue ?”
“Inflation has probably been in line with what was forecast for this administration that decided on this initial regime of the dollar at $800,” he explained.
A key item, for Melconian, will be to see
how
"the tariff issue and fiscal consolidation" will influence and he stated: "We are going to enter normally for Argentina, although it is not normal, in an inflationary digit," he stated.
“As a professional economist, at my age, I believe that
the institutional issue has to be resolved,
because we live in democracy, the country has three powers, the people punish with their vote,” he stated.
Regarding this item, the economist assured that the adjustment in public accounts carried out by the Government should also have been made by Unión por la Patria if it won the elections.
“As he was, he couldn't continue,” he stressed.
About retirements
When talking about retirements,
Melconian warned about the need to modify the formula
.
The economist stated that there is a "priceless explosion" of salaries and criticized President Javier Milei's comparison of pensions from different years in dollars.
“In pesos, retirements are on the decline.
In each particular retiree or in the general retirement mass.
The year 2024, its collapse or not, will depend on the amount of additional bonuses that the Government grants,” he defined.
In this regard, he concluded: “The continuity of the previous retirement formula and
inflation will continue to cause retirements to fall.”
S.N.