The Argentine economy showed signs of recovery, as private sector salaries exceeded the levels that were observed before the opening of Javier Millie, according to the economic analysis of Samuel Pisa, a co -researcher of FGV IBRE.
In an interview with Cnn moneyPessôa detailed the current economic situation in the neighboring country. According to The Economist, both official and informal workers in the Argentine private sector are already suffering from real salaries higher than those registered before Milei reaches power.
“The fees of the private sector, both the official and unofficial factor, are already in real levels higher than observation before Miley assumes,” Pisa said.
Recovery after the initial fall
Pisa explained that there is a preliminary decrease in wages due to the economic amendment implemented by Milli. However, recovery was rapid, as the base overcoming depression caused by years of inflation and economic imbalance.
“Al Qaeda has been exposed to severe depression due to years and years of inflation and economic turmoil. Millie has assumed, with difficult adaptation salaries, but today they are already, they are not really a little larger than those who have been observed.”
However, Pessôa stressed that this salary restoration did not extend to the public sector. According to him, state workers have not yet been able to recover the purchasing power of their income, which may be linked to the Milli agenda table to limit the state’s role in the economy.
Impact on tourism and purchases
The economist also commented on the recent Argentine phenomenon that travels to Brazil for shopping, especially in cities such as Florianópolis. He attributed this position to the currency policy adopted by the Argentine government.
“The exchange rate has been detained. It does not allow prices to leave, has a capital account, and has artificially,” Pisa explained, indicating that this procedure made Brazil relatively cheaper for Argentina.
Pessôa Analysis provides a comprehensive view of the economic complications facing Argentina under the Milei government, highlighting both progress and continuous challenges in searching for the country’s economic stability.
