Thu. 04/18/2024-11:56
Domingo Cavallo revealed the risks of the Milei plan: he predicts that inflation will stop falling and warns about the dollar
After praising the first measures and advising Javier Milei in the shadows, Domingo Cavallo distanced himself from the economic plan. “The best Minister of Economy in history”, as the President considered him, had already raised alarms last week and this Wednesday he did so again during a virtual presentation in which he predicted a brake on the decline in inflation in May, he warned. about the “risks” of continuing with the flattened dollar and estimated that the economy could enter a “depression” if certain measures are not taken.
From the United States, where he is giving talks, Cavallo showed that the online prices measured by his son, the economist Alberto Cavallo, from November to April slowed down, “anticipating” the trend of the INDEC index, which fell from 12.5 % in November to 11% in March (with a peak in December). “Until April 15, online prices fell from 8 to 6.5%, I estimate that the INDEC rate will be 9.5%, for the first time in single digits,” he said in a talk with the CEO of Cocos Capital, Ariel Sbdar, before more than 300 investors. Read more.
