On the morning of this Monday the 13th, the head of the Ministry of Economy and Finance, Alex Contreras, apologized to the citizens for not having recognized at first that the country was in an economic recession. Furthermore, he highlighted that the current Government “live in a bubble”.
“If there was the feeling that one did not recognize the situation, I want to clarify that that was not the idea (…). There is a cabinet that is committed. I want to rule out that we live in a bubble. On the contrary, we are very in contact with citizens, traveling, working a lot at this time, not only on reactivation, but also on emergency preparedness. If we have given the impression (that we live in a bubble), I apologize.”, he commented on RPP.
Likewise, he pointed out that at no time was there a lack of knowledge of the situation. “When I said there was no recession“There wasn’t one,” he said. He explained that there were mixed indicators, since employment was growing as was consumption.
“When it is recognized that there is a recession, which was mitigatable, it is because there is a deviation in the projection. The entire market expected a recovery, which did not happen. “We saw the indicators and there was a much slower recovery,” he concluded.
Source: Larepublica
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