The economic climate that currently exists in Argentina is gaining new momentum, and this is revealed by investor Ricardo Salinas Pliego, who is setting his sights on the South American country. “It seems prudent to return to Argentina to invest, after all,” the businessman considered one of the richest men in Mexico wrote in a recent message.
Salinas Pliego was optimistic about the future of Argentina, whose president, Javier Milei is generating significant changes in the country with a liberal approach to the economy. These reforms drive record profitability for investors, according to data from the Reuters agency.
«A year after Javier Milei took office, investors are doubling their gains in Argentine stocks and bonds, boosted by his sweeping economic reforms and austerity measures. The local stock market is up 125% this year, while dollar bonds have returned 90%. “Investors praise Milei’s fiscal discipline, marked by spending cuts and a fiscal surplus,” says the source.
The numbers excited Salinas, who immediately applauded Milei’s achievements. «A government that delivers results is the only thing that investors need. “I will be very happy to meet Javier Milei and see what we can do to generate more inclusive prosperity,” wrote the Mexican in a message he left on the social network X.
However, Salinas is not the only investor who is seeing better times for Argentina. In a recent foruma group of businessmen, among them, Luis Perez Companc -president of Molinos Agro, Molinos Río de la Plata and PeCom Servicios Energía- They believe that there are opportunities for greater investments in the South American country.
Elon Musk also sees prosperity for Argentina, under the government of Javier Milei. Source: X/ElonMusk.
Despite this, Milei is also strongly criticized, even by those who, at another time, were his close friends. As is the case of Carlos Rodríguez, his former advisor, who does not see that Argentina is being led on the right path. He highlights that the inflation calculation he is doing Milei is deceptive. It suggests that true analysis requires evaluating the durability of economic plans over time. Furthermore, he believes that exchange restrictions are a kind of addiction, which once started, can only lead to an inevitable collapse.
For his part, Antonio Acre, former advisor to former president Cristina Fernández de Kirchner, minimizes the inflationary legacy. He argues that the methodology used by the current administration could lead to erroneous interpretations of economic data. Additionally, some liberals have also questioned Milei, considering that the ruler is distorting the principles of liberalism, generating growing dissent in the same area that previously offered him support.
In any case, the interest that Salinas Pliego now has in Argentina contrasts with his discontent towards the government of Mexico, headed by Claudia Sheinbaum, who assumed the presidency on October 1. In a scenario marked by tensions, the president of the Economic Culture Fund (FCE), Paco Ignacio Taibo II, suggested the expropriation of Salinas companies for alleged tax debts.
In addition, the businessman has used his social networks to express his concern about the current situation in Mexico, pointing out that the government is inefficient in addressing critical social problems. In fact, in one of his recent articles, Salinas argued that the so-called “lefties” in Mexico try to undermine the successful, instead of promoting a constructive debate about solutions to economic problems.
Before the elections, Salinas was emphatic in advising the Mexican public to Bitcoin-ricardosalinas-elecciones-presidenciales-economia/” target=”_blank” rel=”noreferrer noopener”>go out and buy bitcoin. In his personal X account, the tycoon, who for years decided to invest in BTC, published a suggestion to his timeline: “Buy bitcoin and save it, pay attention!!!”
The economic outlook for Mexico is not very encouraging and this is reflected by the rating agency Moody’s, which recently changed its rating on the North American country to negative. From his perspective, “the greater rigidity of public spending and the deterioration of debt affordability make fiscal consolidation difficult after the increase in the public deficit this year.” For that reason Moody’s indicates that today It has a negative outlook for a country that is also on the verge of constitutional reform, with a possible negative impact on the nation’s economic and fiscal strength.
Given this, there is who see “good times to migrate to Argentina.” Likewise, there could be an investment movement towards the South American country, which marks a glimmer of hope among the economic challenges it currently faces.
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