{"id":33400,"date":"2026-11-05T20:09:46","date_gmt":"2026-11-05T23:09:46","guid":{"rendered":"https:\/\/cliente1.publisher.highstack.com.ar\/?p=33400"},"modified":"2026-11-05T20:09:46","modified_gmt":"2026-11-05T23:09:46","slug":"federico-sturzenegger-defendio-el-rumbo-economico-del-gobierno-aunque-reconocio-que-la-inversion-tarda-en-llegar","status":"publish","type":"post","link":"https:\/\/cliente1.publisher.highstack.com.ar\/?p=33400","title":{"rendered":"Federico Sturzenegger defendi\u00f3 el rumbo econ\u00f3mico del Gobierno, aunque reconoci\u00f3 que la inversi\u00f3n \u201ctarda en llegar\u201d"},"content":{"rendered":"<div class=\"ai-tools\"><button type=\"button\" class=\"ai-tools-item\" aria-pressed=\"false\" aria-busy=\"true\" disabled id=\"ai-tool-listen\"><span class=\"ai-tools-icon\"><svg width=\"16\" height=\"16\" viewbox=\"0 0 16 16\" fill=\"none\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" aria-hidden=\"true\" focusable=\"false\"><path d=\"M14.99 9.22417C14.89 8.65466 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class=\"ai-tools-label\">Escuchar<\/span><\/button><button type=\"button\" class=\"ai-tools-item\" aria-pressed=\"false\" aria-busy=\"true\" disabled id=\"ai-tool-keypoints\"><span class=\"ai-tools-icon\"><svg width=\"16\" height=\"16\" viewbox=\"0 0 16 16\" fill=\"none\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" aria-hidden=\"true\" focusable=\"false\"><path d=\"M5.99679 1H12.4609C13.0887 1 13.6 1.52731 13.6 2.17489V13.8251C13.6 14.4727 13.0887 15 12.4609 15H3.53913C2.91126 15 2.39999 14.4727 2.39999 13.8251V9.19802V4.57092L5.99679 1Z\" stroke=\"#e46211\" stroke-width=\"1.2\" stroke-miterlimit=\"10\"><\/path><path d=\"M2.39999 5.38502H6.94416V3.94555V1\" stroke=\"#e46211\" stroke-width=\"1.2\" stroke-miterlimit=\"10\"><\/path><path d=\"M10.491 12.2L5.50657 12.2C5.32834 12.2 5.2037 11.8667 5.20008 11.517C5.19587 11.1484 5.32111 10.8 5.50657 10.8L10.4813 10.8C10.6632 10.8 10.795 11.105 10.7998 11.4804C10.8047 11.8341 10.6842 12.2 10.491 12.2Z\" fill=\"#e46211\"><\/path><path d=\"M10.491 9.4L5.50657 9.4C5.32834 9.4 5.2037 9.0666 5.20008 8.71694C5.19587 8.34831 5.32111 8 5.50657 8L10.4813 8C10.6632 8 10.795 8.30494 10.7998 8.68035C10.8047 9.03408 10.6842 9.4 10.491 9.4Z\" fill=\"#e46211\"><\/path><\/svg><\/span><span class=\"ai-tools-label\">Puntos clave<\/span><\/button><button type=\"button\" class=\"ai-tools-item\" aria-pressed=\"false\" aria-busy=\"true\" disabled id=\"ai-tool-summary\"><span class=\"ai-tools-icon\"><svg width=\"16\" height=\"16\" viewbox=\"0 0 16 16\" fill=\"none\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" aria-hidden=\"true\" focusable=\"false\"><path d=\"M10.1798 2.50989H2.00488C1.45082 2.50989 0.999667 2.97515 0.999667 3.54653V13.8259C0.999667 14.3973 1.45082 14.8626 2.00488 14.8626H9.87772C10.4318 14.8626 10.8829 14.3973 10.8829 13.8259V9.74329V8.13118\" stroke=\"#e46211\" stroke-width=\"1.5\" stroke-miterlimit=\"10\"><\/path><path d=\"M10.1892 0.937134C10.6648 0.938475 11.1562 1.16366 11.4167 1.62561C11.55 1.86167 11.6275 2.09395 11.6863 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srcset=\"https:\/\/www.infobae.com\/resizer\/v2\/66ODXU23N5F3TMDX2OAOBHB2RY.jpg?auth=4cb7e56c8674cf5891e428b25abc4b8e6a9de04e0be5415aa2a8e9bdc7ce7994&amp;smart=true&amp;width=992&amp;height=661&amp;quality=85\" media=\"(min-width: 1000px)\"><\/source><source srcset=\"https:\/\/www.infobae.com\/resizer\/v2\/66ODXU23N5F3TMDX2OAOBHB2RY.jpg?auth=4cb7e56c8674cf5891e428b25abc4b8e6a9de04e0be5415aa2a8e9bdc7ce7994&amp;smart=true&amp;width=768&amp;height=512&amp;quality=85\" media=\"(min-width: 768px)\"><\/source><source srcset=\"https:\/\/www.infobae.com\/resizer\/v2\/66ODXU23N5F3TMDX2OAOBHB2RY.jpg?auth=4cb7e56c8674cf5891e428b25abc4b8e6a9de04e0be5415aa2a8e9bdc7ce7994&amp;smart=true&amp;width=577&amp;height=385&amp;quality=85\" media=\"(min-width: 580px)\"><\/source><source srcset=\"https:\/\/www.infobae.com\/resizer\/v2\/66ODXU23N5F3TMDX2OAOBHB2RY.jpg?auth=4cb7e56c8674cf5891e428b25abc4b8e6a9de04e0be5415aa2a8e9bdc7ce7994&amp;smart=true&amp;width=420&amp;height=280&amp;quality=85\" media=\"(min-width: 350px)\"><\/source><source srcset=\"https:\/\/www.infobae.com\/resizer\/v2\/66ODXU23N5F3TMDX2OAOBHB2RY.jpg?auth=4cb7e56c8674cf5891e428b25abc4b8e6a9de04e0be5415aa2a8e9bdc7ce7994&amp;smart=true&amp;width=350&amp;height=233&amp;quality=85\" media=\"(min-width: 80px)\"><\/source><img alt=\"16\u00b0 Foro Radar ABECEB - Federico Sturzenegger\" class=\"global-image\" decoding=\"async\" fetchpriority=\"high\" height=\"3740\" loading=\"eager\" src=\"https:\/\/www.infobae.com\/resizer\/v2\/66ODXU23N5F3TMDX2OAOBHB2RY.jpg?auth=4cb7e56c8674cf5891e428b25abc4b8e6a9de04e0be5415aa2a8e9bdc7ce7994&amp;smart=true&amp;width=350&amp;height=233&amp;quality=85\" width=\"5611\"><\/picture><\/div>\n<div class=\"sharebar-container display_flex sharebar-new\" style=\"opacity:1\">\n<div class=\"share-bar-article-date-container \"><span class=\"sharebar-article-date\">05 Nov, 2026 05:07 p. m. EST<\/span><\/div>\n<div class=\"sharebar-buttons-container display_flex\">\n<div aria-label=\"Guardar\" class=\"sharebar-buttons button-save\" role=\"button\" tabindex=\"0\"><svg width=\"9\" height=\"12\" viewbox=\"0 0 8 10\" fill=\"none\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"saved-icon saved\"><path d=\"M6.64286 0.5V9.31687L4.1116 7.16407L4.11106 7.16361C3.79894 6.89891 3.34392 6.89891 3.03179 7.16361L3.03126 7.16407L0.5 9.31687V0.5H6.64286Z\"><\/path><\/svg><span class=\"buttons-save-text\">Guardar<\/span><\/div>\n<div class=\"sharebar-buttons-separator\"><\/div>\n<p><button class=\"sharemenu-buttons display_flex\" aria-label=\"Compartir en Telegram\"><svg width=\"38\" height=\"38\" viewbox=\"0 0 38 38\" fill=\"none\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\"><rect x=\"0.5\" y=\"0.5\" width=\"37\" height=\"37\" rx=\"18.5\" fill=\"white\"><\/rect><rect x=\"0.5\" y=\"0.5\" width=\"37\" height=\"37\" rx=\"18.5\" stroke=\"#C2C2C2\"><\/rect><path d=\"M24.9696 12.5511L10.3405 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15.0383 17.6243C15.1805 18.3619 15.5983 18.9663 16.0426 19.5618C16.887 20.6638 17.8646 21.6237 19.1622 22.1925C19.7932 22.4769 20.4331 22.7613 21.1441 22.7613C21.2685 22.7613 21.393 22.7613 21.5085 22.7346C22.4506 22.5391 23.1172 22.0058 23.0816 21.0193C23.0816 20.9216 23.0194 20.7794 22.9483 20.7438C22.3973 20.4594 21.8462 20.2017 21.2863 19.9439Z\" fill=\"#555555\"><\/path><path d=\"M26.9482 17.8724C26.3972 13.4642 22.1401 10.3447 17.7229 11.1179C12.6481 11.9977 9.71521 17.2859 11.6883 21.9963C12.1948 22.6629 12.0615 23.3472 11.8216 24.0849C11.5105 25.027 11.2794 26.0046 11.0039 27C11.1194 26.9733 11.1994 26.9644 11.2794 26.9378C12.5059 26.6178 13.7324 26.3068 14.9411 25.9868C15.1544 25.9335 15.3144 25.9602 15.5099 26.0579C17.1719 26.8667 18.9227 27.0978 20.718 26.7067C24.833 25.7913 27.4548 22.0496 26.9305 17.8902L26.9482 17.8724ZM20.0515 25.4624C18.4784 25.7113 17.003 25.3913 15.6166 24.6003C15.5099 24.5381 15.3411 24.5115 15.2077 24.547C14.4612 24.7248 13.7146 24.9292 12.9147 25.1336C13.1192 24.3693 13.3058 23.6672 13.5102 22.9473C13.5635 22.7606 13.5369 22.6273 13.4391 22.4673C11.0039 18.5479 13.1014 13.5442 17.6163 12.5043C21.2868 11.6511 25.0285 14.1841 25.5884 17.908C26.1395 21.5519 23.6954 24.8936 20.0515 25.4624Z\" fill=\"#555555\"><\/path><\/svg><\/button><\/div>\n<\/div>\n<p class=\"paragraph\" data-paragraph-number=\"1\"><b>Federico Sturzenegger<\/b> defendi\u00f3 este jueves las reformas estructurales del gobierno de <b>Javier Milei<\/b> ante empresarios y economistas, pero admiti\u00f3 una incomodidad que el propio equipo econ\u00f3mico viene procesando: <a rel=\"noopener noreferrer\" href=\"https:\/\/www.infobae.com\/economia\/2026\/10\/08\/el-economista-que-milei-invito-a-una-reunion-de-gabinete-se-hizo-tres-preguntas-clave-sobre-el-futuro-del-plan-libertario\"><b>la inversi\u00f3n no respondi\u00f3 con la velocidad que se esperaba<\/b><\/a>. Para explicarlo, el ministro de Desregulaci\u00f3n traz\u00f3 un paralelo con los procesos de crecimiento de <b>China<\/b>, <b>Corea del Sur<\/b>, <b>Singapur<\/b> y <b>Taiw\u00e1n<\/b>. \u201cSon experiencias que ya sabemos que fueron sumamente exitosas\u201d, dijo y sum\u00f3 que \u201csorprende mirar que ese proceso es bastante parecido al que Argentina est\u00e1 transitando\u201d.<\/p>\n<div class=\"marfeel-recommender marfeel-recommender-1\"><\/div>\n<p class=\"paragraph\" data-paragraph-number=\"2\">La intervenci\u00f3n de Sturzenegger tuvo lugar en el 16\u00b0 Foro <b>ABECEB<\/b>, celebrado en el Faena Art Center de <b>Buenos Aires<\/b>, en el que tambi\u00e9n expuso el viceministro de Econom\u00eda <a rel=\"noopener noreferrer\" href=\"https:\/\/www.infobae.com\/economia\/2026\/11\/05\/esperaba-un-crecimiento-mas-alto-el-gobierno-reconocio-una-recuperacion-mas-debil-pero-minimizo-una-posible-recesion\"><b>Jos\u00e9 Luis Daza<\/b><\/a>, quien fue a\u00fan m\u00e1s directo: \u201cYo esperaba un crecimiento m\u00e1s alto\u201d.<\/p>\n<div class=\"inline ad-wrapper dfpAd ad-inline ad-text ad-component-container\" style=\"--ad-shell-height:250px;--ad-shell-width:300px\" data-ad-wrapper=\"arcad\" data-ad-type=\"inline\" data-ad-slot=\"infobae\/economia\/nota\/inline\" data-ad-container=\"dfp\" data-ad-slot-name=\"infobae\/economia\/nota\/inline\">\n<p class=\"ad-shell-label\">PUBLICIDAD<\/p>\n<div id=\"infobae\/economia\/nota\/inline\" class=\"infobae\/economia\/nota\/inline arcad ad-slot-node ad-slot-node--boxed\" data-ad-slot-id=\"infobae\/economia\/nota\/inline\"><\/div>\n<\/div>\n<p class=\"paragraph\" data-paragraph-number=\"3\">Para entender por qu\u00e9 el boom de inversi\u00f3n no lleg\u00f3 con la fuerza esperada, Sturzenegger present\u00f3 el trabajo de los economistas <b>Francisco Buera<\/b> y <b>Yongseok Shin<\/b>, que analizaron c\u00f3mo crecieron las econom\u00edas asi\u00e1ticas m\u00e1s exitosas tras sus reformas estructurales. La conclusi\u00f3n es contraintuitiva: en esos pa\u00edses, la inversi\u00f3n tampoco despeg\u00f3 de inmediato. El crecimiento arranc\u00f3 lento y se fue acelerando con el tiempo, en lugar de dar un salto inicial para luego desacelerarse, como predice el modelo est\u00e1ndar de <b>Solow<\/b>.<\/p>\n<div class=\"marfeel-recommender marfeel-recommender-3\"><\/div>\n<p class=\"paragraph\" data-paragraph-number=\"4\">La explicaci\u00f3n, dijo, est\u00e1 en las \u201cfricciones financieras\u201d. Cuando una reforma elimina subsidios y trabas, los recursos deben migrar de los sectores menos productivos a los m\u00e1s productivos. Pero ese proceso requiere financiamiento, y el financiamiento requiere garant\u00edas. <b>El problema es que los sectores nuevos \u2014los que tienen que crecer\u2014 no tienen el colateral necesario para acceder al cr\u00e9dito<\/b>. Entonces, los empresarios deben primero ahorrar para generar ese respaldo, y reci\u00e9n despu\u00e9s pueden endeudarse e invertir a mayor escala.<\/p>\n<div class=\"inline_2 ad-wrapper dfpAd ad-inline ad-text ad-component-container\" style=\"--ad-shell-height:250px;--ad-shell-width:300px\" data-ad-wrapper=\"arcad\" data-ad-type=\"inline_2\" data-ad-slot=\"infobae\/economia\/nota\/inline_2\" data-ad-container=\"dfp\" data-ad-slot-name=\"infobae\/economia\/nota\/inline_2\">\n<p class=\"ad-shell-label\">PUBLICIDAD<\/p>\n<div id=\"infobae\/economia\/nota\/inline_2\" class=\"infobae\/economia\/nota\/inline_2 arcad ad-slot-node ad-slot-node--boxed\" data-ad-slot-id=\"infobae\/economia\/nota\/inline_2\"><\/div>\n<\/div>\n<div class=\"visual__image\"><picture><source srcset=\"https:\/\/www.infobae.com\/resizer\/v2\/E64BZ5BACVCRFA6NEIM6WR2RX4.jpg?auth=f7ca02a71205b1fa82f1fbb9c11d2f60648cfc4110bca09447f074ffda0afc3f&amp;smart=true&amp;width=992&amp;height=661&amp;quality=85\" media=\"(min-width: 1000px)\"><\/source><source srcset=\"https:\/\/www.infobae.com\/resizer\/v2\/E64BZ5BACVCRFA6NEIM6WR2RX4.jpg?auth=f7ca02a71205b1fa82f1fbb9c11d2f60648cfc4110bca09447f074ffda0afc3f&amp;smart=true&amp;width=768&amp;height=512&amp;quality=85\" media=\"(min-width: 768px)\"><\/source><source srcset=\"https:\/\/www.infobae.com\/resizer\/v2\/E64BZ5BACVCRFA6NEIM6WR2RX4.jpg?auth=f7ca02a71205b1fa82f1fbb9c11d2f60648cfc4110bca09447f074ffda0afc3f&amp;smart=true&amp;width=577&amp;height=385&amp;quality=85\" media=\"(min-width: 580px)\"><\/source><source srcset=\"https:\/\/www.infobae.com\/resizer\/v2\/E64BZ5BACVCRFA6NEIM6WR2RX4.jpg?auth=f7ca02a71205b1fa82f1fbb9c11d2f60648cfc4110bca09447f074ffda0afc3f&amp;smart=true&amp;width=420&amp;height=280&amp;quality=85\" media=\"(min-width: 350px)\"><\/source><source srcset=\"https:\/\/www.infobae.com\/resizer\/v2\/E64BZ5BACVCRFA6NEIM6WR2RX4.jpg?auth=f7ca02a71205b1fa82f1fbb9c11d2f60648cfc4110bca09447f074ffda0afc3f&amp;smart=true&amp;width=350&amp;height=233&amp;quality=85\" media=\"(min-width: 80px)\"><\/source><img alt=\"16\u00b0 Foro Radar ABECEB - Federico Sturzenegger\" class=\"global-image\" decoding=\"async\" fetchpriority=\"low\" height=\"4128\" loading=\"lazy\" src=\"https:\/\/www.infobae.com\/resizer\/v2\/E64BZ5BACVCRFA6NEIM6WR2RX4.jpg?auth=f7ca02a71205b1fa82f1fbb9c11d2f60648cfc4110bca09447f074ffda0afc3f&amp;smart=true&amp;width=350&amp;height=233&amp;quality=85\" width=\"6192\"><\/picture><\/div>\n<p class=\"paragraph\" data-paragraph-number=\"5\">\u201cLas subsidiadas previamente se achican, las productivas tardan, la productividad de la inversi\u00f3n sube lento\u201d, sintetiz\u00f3 el ministro. Y agreg\u00f3 que, por eso mismo, en las experiencias asi\u00e1ticas el ahorro subi\u00f3 m\u00e1s que la inversi\u00f3n en la etapa inicial, lo que gener\u00f3 super\u00e1vit de cuenta corriente en lugar del d\u00e9ficit que predice la teor\u00eda convencional.<\/p>\n<div class=\"marfeel-recommender marfeel-recommender-5\"><\/div>\n<p class=\"paragraph\" data-paragraph-number=\"6\">Sturzenegger aplic\u00f3 ese esquema a la Argentina actual: la energ\u00eda, la miner\u00eda, el agro y la econom\u00eda del conocimiento son los sectores llamados a liderar la transformaci\u00f3n exportadora, pero los actores que deben invertir en ellos est\u00e1n construyendo reci\u00e9n el patrimonio que les permita financiarse. <b>\u201cSin buen cr\u00e9dito, riqueza y talento tardan d\u00e9cadas en alinearse\u201d<\/b>, cit\u00f3 del <i>paper<\/i>, antes de aclarar que ese diagn\u00f3stico no lo desanima sino que le da perspectiva.<\/p>\n<div class=\"ad_1 ad-wrapper dfpAd ad-1-al-6 ad-text ad-component-container\" style=\"--ad-shell-height:250px;--ad-shell-width:300px\" data-ad-wrapper=\"arcad\" data-ad-type=\"ad_1\" data-ad-slot=\"infobae\/economia\/nota\/ad_1\" data-ad-container=\"dfp\" data-ad-slot-name=\"infobae\/economia\/nota\/ad_1\">\n<p class=\"ad-shell-label\">PUBLICIDAD<\/p>\n<div id=\"infobae\/economia\/nota\/ad_1\" class=\"infobae\/economia\/nota\/ad_1 arcad ad-slot-node ad-slot-node--boxed\" data-ad-slot-id=\"infobae\/economia\/nota\/ad_1\"><\/div>\n<\/div>\n<h2 class=\"text-align-left vertical-align-top line-height-100 header headline-class-h2 headline\" id=\"milei-apunta-a-exportaciones-de-energia-por-usd-50.000-millones\">Milei apunta a exportaciones de energ\u00eda por USD 50.000 millones<\/h2>\n<p class=\"paragraph\" data-paragraph-number=\"7\">El ministro enumer\u00f3 los resultados que el Gobierno considera m\u00e1s relevantes hasta ahora: la inflaci\u00f3n baj\u00f3 de alrededor del 200% anual al 30%, la pobreza cay\u00f3 20 puntos porcentuales \u2014de 53% a 33%\u2014 y el PBI creci\u00f3 6% en lo que va de la gesti\u00f3n. Pero el dato que m\u00e1s destac\u00f3 fue el del volumen exportado, que subi\u00f3 46%. \u201cEs la primera vez en cuarenta a\u00f1os que vemos a la Argentina liderar un proceso de crecimiento liderado por las exportaciones\u201d, afirm\u00f3.<\/p>\n<p class=\"paragraph\" data-paragraph-number=\"8\">Detr\u00e1s de ese n\u00famero hay dos desregulaciones que Sturzenegger consider\u00f3 centrales. La primera fue la liberalizaci\u00f3n del mercado de hidrocarburos, incluida en la Ley Bases: <b>se eliminaron las restricciones al manejo del negocio energ\u00e9tico, se liberaron las exportaciones y se le devolvi\u00f3 al productor la propiedad sobre su producto<\/b>. El resultado, dijo, es un boom de inversiones que llevar\u00e1 las exportaciones energ\u00e9ticas a USD 50.000 millones en pocos a\u00f1os, frente a un d\u00e9ficit de USD 10.000 millones que exist\u00eda en 2023.<\/p>\n<div class=\"ad_2 ad-wrapper dfpAd ad-1-al-6 ad-text ad-component-container\" style=\"--ad-shell-height:250px;--ad-shell-width:300px\" data-ad-wrapper=\"arcad\" data-ad-type=\"ad_2\" data-ad-slot=\"infobae\/economia\/nota\/ad_2\" data-ad-container=\"dfp\" data-ad-slot-name=\"infobae\/economia\/nota\/ad_2\">\n<p class=\"ad-shell-label\">PUBLICIDAD<\/p>\n<div id=\"infobae\/economia\/nota\/ad_2\" class=\"infobae\/economia\/nota\/ad_2 arcad ad-slot-node ad-slot-node--boxed\" data-ad-slot-id=\"infobae\/economia\/nota\/ad_2\"><\/div>\n<\/div>\n<div class=\"visual__image\"><picture><source srcset=\"https:\/\/www.infobae.com\/resizer\/v2\/OEK5FYEN5NHZZNVRY4ZZ3ZFMHE.jpg?auth=38a36762aee3cf35c67f3eff4746b5be851d809d18ced804ba268612b6df66c7&amp;smart=true&amp;width=992&amp;height=661&amp;quality=85\" media=\"(min-width: 1000px)\"><\/source><source srcset=\"https:\/\/www.infobae.com\/resizer\/v2\/OEK5FYEN5NHZZNVRY4ZZ3ZFMHE.jpg?auth=38a36762aee3cf35c67f3eff4746b5be851d809d18ced804ba268612b6df66c7&amp;smart=true&amp;width=768&amp;height=512&amp;quality=85\" media=\"(min-width: 768px)\"><\/source><source srcset=\"https:\/\/www.infobae.com\/resizer\/v2\/OEK5FYEN5NHZZNVRY4ZZ3ZFMHE.jpg?auth=38a36762aee3cf35c67f3eff4746b5be851d809d18ced804ba268612b6df66c7&amp;smart=true&amp;width=577&amp;height=385&amp;quality=85\" media=\"(min-width: 580px)\"><\/source><source srcset=\"https:\/\/www.infobae.com\/resizer\/v2\/OEK5FYEN5NHZZNVRY4ZZ3ZFMHE.jpg?auth=38a36762aee3cf35c67f3eff4746b5be851d809d18ced804ba268612b6df66c7&amp;smart=true&amp;width=420&amp;height=280&amp;quality=85\" media=\"(min-width: 350px)\"><\/source><source srcset=\"https:\/\/www.infobae.com\/resizer\/v2\/OEK5FYEN5NHZZNVRY4ZZ3ZFMHE.jpg?auth=38a36762aee3cf35c67f3eff4746b5be851d809d18ced804ba268612b6df66c7&amp;smart=true&amp;width=350&amp;height=233&amp;quality=85\" media=\"(min-width: 80px)\"><\/source><img alt=\"16\u00b0 Foro Radar ABECEB - Federico Sturzenegger\" class=\"global-image\" decoding=\"async\" fetchpriority=\"low\" height=\"4128\" loading=\"lazy\" src=\"https:\/\/www.infobae.com\/resizer\/v2\/OEK5FYEN5NHZZNVRY4ZZ3ZFMHE.jpg?auth=38a36762aee3cf35c67f3eff4746b5be851d809d18ced804ba268612b6df66c7&amp;smart=true&amp;width=350&amp;height=233&amp;quality=85\" width=\"6192\"><\/picture><\/div>\n<p class=\"paragraph\" data-paragraph-number=\"9\">La segunda fue la apertura del sector minero. <b>\u201cB\u00e1sicamente, ten\u00edamos prohibida la miner\u00eda en Argentina\u201d<\/b>, grafic\u00f3, y record\u00f3 que Chile exporta USD 60.000 millones de los mismos productos que el pa\u00eds tiene en su subsuelo. La proyecci\u00f3n del gobierno es llegar a USD 45.000 millones en exportaciones mineras en diez a\u00f1os, partiendo de USD 3.000 millones cuando asumi\u00f3 Milei.<\/p>\n<p class=\"paragraph\" data-paragraph-number=\"10\">Horas antes de la intervenci\u00f3n de Sturzenegger, Daza hab\u00eda dado su propia lectura del momento econ\u00f3mico, con menos marcos te\u00f3ricos y m\u00e1s crudeza. Reconoci\u00f3 que el nivel de actividad es \u201cmuy bajo\u201d y que los resultados son \u201cmenores\u201d a lo que esperaban, aunque encuadr\u00f3 esa lectura dentro de un proceso que, seg\u00fan sostuvo, \u201cva en la direcci\u00f3n correcta\u201d.<\/p>\n<div class=\"ad_3 ad-wrapper dfpAd ad-1-al-6 ad-text ad-component-container\" style=\"--ad-shell-height:250px;--ad-shell-width:300px\" data-ad-wrapper=\"arcad\" data-ad-type=\"ad_3\" data-ad-slot=\"infobae\/economia\/nota\/ad_3\" data-ad-container=\"dfp\" data-ad-slot-name=\"infobae\/economia\/nota\/ad_3\">\n<p class=\"ad-shell-label\">PUBLICIDAD<\/p>\n<div id=\"infobae\/economia\/nota\/ad_3\" class=\"infobae\/economia\/nota\/ad_3 arcad ad-slot-node ad-slot-node--boxed\" data-ad-slot-id=\"infobae\/economia\/nota\/ad_3\"><\/div>\n<\/div>\n<p class=\"paragraph\" data-paragraph-number=\"11\">El viceministro describi\u00f3 un a\u00f1o partido en dos. Entre febrero y junio se gener\u00f3 un c\u00edrculo virtuoso \u2014baja de tasas, recuperaci\u00f3n del cr\u00e9dito, mejora de expectativas\u2014, que luego fue cortado por un shock externo. <b>\u201cA partir de julio tuvimos un shock de tasas. Indudablemente, eso tuvo un efecto\u201d<\/b>, admiti\u00f3. Hacia fin de a\u00f1o, dijo, vuelve a ver se\u00f1ales de recuperaci\u00f3n leve y el comportamiento del sector externo le resulta \u201cextraordinario\u201d.<\/p>\n<p class=\"paragraph\" data-paragraph-number=\"12\">Ante la consulta sobre la posibilidad de una <a rel=\"noopener noreferrer\" href=\"https:\/\/www.infobae.com\/economia\/2026\/10\/13\/en-linea-con-el-fmi-milei-explico-por-que-este-ano-la-economia-crecera-menos-de-lo-previsto\">recesi\u00f3n t\u00e9cnica<\/a> \u2014la econom\u00eda acumula cinco meses de estancamiento en la tendencia-ciclo del EMAE\u2014, Daza le quit\u00f3 peso a la terminolog\u00eda: \u201cMov\u00edas un mes para ac\u00e1 y no iba a ser una recesi\u00f3n t\u00e9cnica, mov\u00edas un mes para ac\u00e1, va a ser una recesi\u00f3n t\u00e9cnica. Miremos el <i>big picture<\/i>\u201d.<\/p>\n<div class=\"ad_4 ad-wrapper dfpAd ad-1-al-6 ad-text ad-component-container\" style=\"--ad-shell-height:250px;--ad-shell-width:300px\" data-ad-wrapper=\"arcad\" data-ad-type=\"ad_4\" data-ad-slot=\"infobae\/economia\/nota\/ad_4\" data-ad-container=\"dfp\" data-ad-slot-name=\"infobae\/economia\/nota\/ad_4\">\n<p class=\"ad-shell-label\">PUBLICIDAD<\/p>\n<div id=\"infobae\/economia\/nota\/ad_4\" class=\"infobae\/economia\/nota\/ad_4 arcad ad-slot-node ad-slot-node--boxed\" data-ad-slot-id=\"infobae\/economia\/nota\/ad_4\"><\/div>\n<\/div>\n<p class=\"paragraph\" data-paragraph-number=\"13\">Para explicar por qu\u00e9 la tasa de inversi\u00f3n sigue rondando el 15% del producto, recurri\u00f3 a la teor\u00eda de opciones reales: <b>el principal freno es la incertidumbre sobre la estabilidad de las reglas de juego<\/b>. \u201cNo hay en el mundo un pa\u00eds que pas\u00f3 m\u00e1s tiempo en recesi\u00f3n en los \u00faltimos setenta y cinco a\u00f1os que la Argentina, el n\u00famero uno de 180 pa\u00edses\u201d, se\u00f1al\u00f3. Esa historia de volatilidad es la que lleva a los inversores a exigir una <a rel=\"noopener noreferrer\" href=\"https:\/\/www.infobae.com\/economia\/2026\/10\/20\/supera-la-logica-tres-economistas-intentaron-descifrar-las-razones-de-la-suba-del-riesgo-pais-argentino\">prima de riesgo elevada<\/a> antes de comprometer capital de largo plazo.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>EscucharPuntos claveResumen 05 Nov, 2026 05:07 p. m. EST Guardar Federico Sturzenegger defendi\u00f3 este jueves las reformas estructurales del gobierno de Javier Milei ante empresarios y economistas, pero admiti\u00f3 una incomodidad que el propio equipo econ\u00f3mico viene procesando: la inversi\u00f3n no respondi\u00f3 con la velocidad que se esperaba. Para explicarlo, el ministro de Desregulaci\u00f3n traz\u00f3 [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":33401,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-33400","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-uncategorized"],"_links":{"self":[{"href":"https:\/\/cliente1.publisher.highstack.com.ar\/index.php?rest_route=\/wp\/v2\/posts\/33400","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/cliente1.publisher.highstack.com.ar\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/cliente1.publisher.highstack.com.ar\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/cliente1.publisher.highstack.com.ar\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/cliente1.publisher.highstack.com.ar\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=33400"}],"version-history":[{"count":0,"href":"https:\/\/cliente1.publisher.highstack.com.ar\/index.php?rest_route=\/wp\/v2\/posts\/33400\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/cliente1.publisher.highstack.com.ar\/index.php?rest_route=\/wp\/v2\/media\/33401"}],"wp:attachment":[{"href":"https:\/\/cliente1.publisher.highstack.com.ar\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=33400"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/cliente1.publisher.highstack.com.ar\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=33400"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/cliente1.publisher.highstack.com.ar\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=33400"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}