The new Minister of Production, Dante Sica, was optimistic about the progress of the economy ensuring that “the starting point of my management is 21 quarters of growth,” but clarified that the second half “will be much more difficult.”
“The economy was growing at a moderate speed with a feature that was strong what was increasing the investment,” the new official told Radio Continental.
However, he warned that this second semester will be “much more difficult” and that “by the end of the year we will have an economy that will grow, although well below expectations”. “When the interest rate begins to fall, when we dispel the fog and the impacts of the crisis change, we may be able to return to that path (of growth),” he said.
On the other hand, he said that there will be “to look very carefully at SMEs, because the currency crisis has led to extreme measures.” “We have to work with companies to take care of the payment chains. We are thinking about some regulatory changes that allow us to give a little more liquidity. Today the Banco Nación is signing a subsidy for SMEs that takes the rate as it was before the crisis, “he added.
Regarding the tariffs, he assured that “for 12 years the rates were given away and that generated a great lack of attention. Our responsibility is to look at the medium term and work with financing and support lines so that companies can make technological changes and have greater energy efficiency “.