Home » Business » Felipe González says that Argentina will go through a recession – 2024-02-16 13:15:25

Felipe González says that Argentina will go through a recession – 2024-02-16 13:15:25

Photo: periodistadigital.com

The former president of the Spanish Government, Felipe Gonzalezanalyzed today the figure of the Argentine president, Javier Mileyfor whom he asked for time before judging his first reforms, although he warned of the “immediate” arrival of a recession “very hard for the middle and lower classes” of the country.

«The next three months are going to be decisive for Argentina because it is inevitably entering a brutal recession, because of where it comes from and because the political elements that accompany the first actions of the Government are going to place it in recession»said the former socialist president in a telematic talk, organized by his foundation, in which Argentine experts also participated.

In his opinion, this “immediate recession is going to be very hard for professionals and the middle classes” and from it “the elite who do not suffer it from above and below, the people who endure everything, will escape.”

González considered that with the recession “inflation will go down, without a doubt, because you have nothing to spend” and announced that “those who are going to pay the cost of this recession, fundamentally, will be the middle classes because due to lack of sensitivity to Whatever stability the Milei team has, it is not going to let the people who survive with the aid systems slip through the cracks.

We have to see what happens in three months

The Spaniard estimated that “everyone thinks that after a change of radicalization” like the one that “just happened in Argentina, we tend to think about seeing what happens in a year” although he specified “that we have to see what happens in three months”.

The Spaniard recalled that “there are many reforms to be made” and “many risks” because, in his opinion, the Argentine president “does not have an articulated political project.”

“With the chainsaw you cut the tree, you could prune the branch to improve the fruit, but if you cut the tree you are left without it,” said González, who, however, believed that Milei has no intention of “liquidating the State” and appreciated the “positive” fact that the clash is not “definitive and frontal” and that it has opened itself to negotiating its first measures.

Experts call for calm

The journalist and political scientist Joseph Natason He explained the reasons why, in his opinion, Milei – “an almost folkloric character” – could count on the support of the population to be elected president and pointed out that Argentine society “feels protagonist of an enormous collective failure” for some time. decades.

Natason spoke of three possible scenarios: one of “success in which inflation goes down, the economy begins to rise a little, achieves success with some reform and asserts itself in power”; another in which “he deepens processes of fragility and runs to embrace (former president Mauricio) Macri, who can propose an idea of ​​a coalition”; and a third in which “weakened, double the bet and call a non-binding plebiscite to appeal to the people to legitimize him.”

For his part, the writer and economic historian Pablo Gerchunoff He conditioned the president’s success on the country’s dollarization process, one of his electoral promises, and insisted that “he has a very big challenge ahead” with the reform program where “almost all of them have failed” in Argentina.

“Whether he can do it in an Argentina that has little optimism remains to be seen, but the only thing I would not do is deny him the possibility of moving in that direction.”, he added. EFE (I)

#Felipe #González #Argentina #recession

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