2023-11-30 12:03:00
The economist Salvador Di Stéfano assured that “life is going to be a little harder” following Javier Milei’s statements regarding the possibility of stagflation.
“Stagflation is something we have suffered for years. Since 2011 the GDP has not grown. We have the same supply of goods and services in one year as in 2011,” he explained.
“We are all poorer and have less money. The country spends more than it earns” he added in statements to Chain 3 Rosary.
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Goals
“You have to have a fiscal surplus. A significant fiscal imbalance must be reversed. Electricity, gas, fuel are going to rise. There will indeed be less recreation,” said Di Stéfano.
“In a year the country will lower the inflation rate and the salary will be much better than today,” he predicted.
Furthermore, he considered that “Milei can do what it should before 24 months, but it needs forceful and precise measures”.
He also pointed out that if the president-elect “starts paying for imports, pesos will be withdrawn from the economy.” “Inflation is a phenomenon that when there are more pesos it emerges, when there are less it sinks. “That is the secret of what must be done in the first months,” he warned.
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Dollar
Di Stéfano maintained that “the price of the current dollar is artificial” and that “it will be higher,” although he clarified that “if Milei gets dollars, the blue will not go to 1,600 pesos.”
“It’s time to buy things,” the economist concluded in his analysis.
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