AS/COA

On December 7, Cefeidas Group’s Managing Director Juan Cruz Díaz acted as the moderator for an Americas Society/Council of the Americas panel discussion on Mauricio Macri’s win in Argentina’s recent presidential election. During the session held in New York, speakers analyzed the electoral results of the November 22 presidential runoff between Macri and challenger Daniel Scioli and addressed the country’s political scenario and economic outlook, among other challenges and opportunities facing the new administration.

According to the experts on the panel, Macri will take the country through an economic transition filled with fiscal adjustments, but there could be political obstacles ahead. Speakers said the new president plans to decrease taxes on exports, increase the treshold in deductions for income taxes, and work with subsidies already in place; however, the lack of cash, along with the threat of increasing inflation and unemployment numbers, might weaken Macri’s level of support. As voter expectations are high, the new president will face difficulty finding support in the Senate while working toward fiscal consolidation.

To view a video recording of the discussion, please click here (starts from 4:07).