Beyond the decrease in inflation and what can be specified in the fiscal surplus, industries demand that the productive sectors not be neglected, due to the difficulty in recovering what concerns labor. In order to expand this panorama, this medium contacted the industrial leader, Jose Urtubey.
“The fall in the month of March was 21% year-on-year and construction was 40%, which indirectly has an impact on industrial activity due to all the inputs it entails,” commented José Urtubey. “The substance, in view of the May consensus, is to look for a way out where it is integrated into the industrial productive sectors of the interior that do not depend on the external market. because that is where the biggest drop is,” he added.
The way out to achieve economic recovery
Subsequently, Urtubey stated: “We cannot think that only the exit It will be from the side of the industry linked to energy, mining or agribusiness.”. Then, he stated that, “we have to look for a solution that includes the productive sectors, that we should not let them fall because later it is very difficult to recover those jobs that are lost”.
“The direction of the course had to be changed in macroeconomic terms.since inflation cannot continue at the levels it was and is currently at,” said the interviewee, who later completed: “The appropriate objective is to seek zero deficit or go for a fiscal surplus, but that does not mean that the productive sectors must be considered and productive credit is linked to what happens with economic activity.”
The outlook on mortgage loans
On the other hand, the industrial leader pointed out: “The return of mortgage loans is importantbut there is also a lot of real estate stock in the economy, which is why, new constructions will also demand”. In turn, he stressed that, “construction, due to costs and exchange rate delays, in Argentina is very expensive, It is not seen that the credits are going to generate such a dynamic impulse in the coming months”.
“There is a drop in inflation, a very sharp drop in industrial activity and, in terms of economic recovery, I do not see it as such,” said Urtubey. In closing, he said that, “we do see a direction of correction of the macroeconomy but Microeconomics is in great need of specific policies”.