For Carlos Melconian, 'in March the blablabla with the IMF ends: there is an agreement or it is defaulted'

Juan Manuel Barca

08/19/2021 12:58 PM

• Clarín.com

• Economy

Updated 08/19/2021 1:01 PM

Economic instability, dollar under pressure and high inflation.

That was the worrying scenario predicted by Carlos Melconian on Thursday when analyzing the course of the economy after the elections.

"When it's wired and it didn't fly through the air,

the margin is finite,

" he warned.

The economist came to this conclusion during a talk organized by the Argentine Institute of Finance Executives (IAEF), in which he warned of a possible outbreak of contagion, an unfavorable election for the ruling party, fewer reserves and

a greater exchange gap.

"Returning to the gravel road is to ensure the stability of the current instability. I have my head set on 2023, that is

how these two years are going.

The Government in terms of real wages, GDP, income and poverty, is

going to lose

" , predicted in relation to the economy in the face of the elections.

After December, he estimated that soybean prices will have "enormous influence."

"If soy did not appear, this would fly through the air, it put US $ 10 billion in the year," he said, and said that

import controls will also continue.

Regarding the debt, the economist assured that the "pedal" of 2021 is

over. March the blablabla with the Fund ended

. Either it has an

agreement or it defaults,

"he said, and estimated that there will be a

" soft accomplice "

agreement

.

As for the dollar, he warned about the

"structural problem"

of falling exports and low reserves, whereby "if they want to avoid a devaluation jump, despite the good terms of trade, they will have to deepen the

crawling peg

( rate of devaluation),

it will no longer devalue at 1% per month

".

Note in development

NE

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