Post by account_disabled on Mar 4, 2024 3:24:11 GMT -6
Without intervention by the State, the serious global economic crisis caused by Covid- could cause a drop in gross domestic product of up to -% in Argentina in and a loss that could reach up to thousand jobs. The mass of wage income could be reduced to -%, while the mass of business profits would fall to -%. It would take quarters for the economy to recover the level of activity prior to the crisis. These figures tell us that, without active intervention by the State, the economic and social situation would be dramatic. For this reason, the exercise also explores possible remedies.
The combination of public spending policies - salary income and transfers to families - and expansive credit policies for companies. This would make it possible to mitigate economic and Iraq Telegram Number Data social damage, and accelerate economic recovery. If we estimate considering these expansive policies, the GDP in in Argentina would be at a significantly better level. GDP would improve by % (fall to -%), consumption by % (fall -%) and thousand fewer jobs would be lost. The model shows that government action represents a win-win for society. This economic policy would result in an improvement in business profits, which would improve by (they would fall .
In workers' income, which would improve by (up to ). Likewise, this expansive policy of productive spending and credit would shorten the necessary recovery period to reach the level of activity prior to the crisis, from to quarters with state intervention. The measures taken during the crisis will not only cushion its economic and social effects, but will also lay the foundations for a faster recovery. CELAG has estimated , with a Stock Flow Accounting model Consistent with sticky prices, the macroeconomic effects of Covid- on the Argentine economy driven by two channels: the external one, derived from the lower global demand.
The combination of public spending policies - salary income and transfers to families - and expansive credit policies for companies. This would make it possible to mitigate economic and Iraq Telegram Number Data social damage, and accelerate economic recovery. If we estimate considering these expansive policies, the GDP in in Argentina would be at a significantly better level. GDP would improve by % (fall to -%), consumption by % (fall -%) and thousand fewer jobs would be lost. The model shows that government action represents a win-win for society. This economic policy would result in an improvement in business profits, which would improve by (they would fall .
In workers' income, which would improve by (up to ). Likewise, this expansive policy of productive spending and credit would shorten the necessary recovery period to reach the level of activity prior to the crisis, from to quarters with state intervention. The measures taken during the crisis will not only cushion its economic and social effects, but will also lay the foundations for a faster recovery. CELAG has estimated , with a Stock Flow Accounting model Consistent with sticky prices, the macroeconomic effects of Covid- on the Argentine economy driven by two channels: the external one, derived from the lower global demand.