DIRECTOR:The Monthly Indicator of Economic Activity of May (-0.9% year-on-year) revived the ghost of the technical recession, with the Presidency speaking of an “economic disease” and the officialism and opposition contesting responsibilities. I believe that this debate, as has been raised so far, mixes different phenomena and, therefore, leads to an incomplete diagnosis.The data of the Central Bank itself show an economy split in two.The year-o…
DIRECTOR:The Monthly Indicator of Economic Activity of May (-0.9% year-on-year) revived the ghost of the technical recession, with the Presidency speaking of an “economic disease” and the officialism and opposition contesting responsibilities. I believe that this debate, as has been raised so far, mixes different phenomena and, therefore, leads to an incomplete diagnosis.The data of the Central Bank itself show an economy split in two.The year-o…