The Economist Juan Carlos de Pablo indicated that the inflation April was “between 9% and 10%” and he noted that “it is going downhill” from the first May numbers.
De Pablo is one of the economists most respected by the president Javier Mileil who regularly summons him to exchange opinions on the progress of the economy. Asked whether the current plan will work, he responded: “Who said that I believe Milei’s economic plan can be successful?”
“This is the stabilization plan”De Pablo said. And he considered: “If this isn’t shock, I don’t know what shock is.”when asked if these measures are prior to a plan or the plan itself.
And when asked if it will work or not, De Pablo stated: “Who said that I believe that Milei’s economic plan can be successful?” “I don’t believe one thing or the other, I take things as they come,” he concluded.
The INDEC will release the official inflation data for April tomorrow at 4 p.m. and, when asked about last month’s price increase, de Pablo respected the numbers released by the consultants and the City of Buenos Aires, which is why he estimated it between 9% and 10%.
“In all estimates it is 3 points below March and the first one in May gave 1.6% and other first weeks it gave 5% or 6%. Moral: the inflation rate continues to plummet,” he highlighted in statements to Radio with You.
In that sense, he stressed that, from now on, “the most important thing is to take care” of the disinflation path that has begun, while he stressed that “today removing the stocks is not a priority.”
Likewise, he maintained that “in March there was a drop in activity,” but indicated: “Everything related to April and May, in addition to the conversations I have, it seems that the situation is more balanced.”
At the same time, he considered that “the banks rediscovered the private sector and that is going to help,” while remarking that “today there is less fear than 90 or 60 days ago and fear contracts.”
Source: Ambito
