Javier Milei echoed a report that described his economic plan as “a resounding success”

Javier Milei echoed a report that described his economic plan as “a resounding success”

November 14, 2024 – 15:28

President Javier Milei validated an analysis by a consulting firm that described the economic program as a “resounding success.”

Presidency

President Javier Milei reposted a follower on the 1816 consultant which began with the phrase, “The Government got everything this week again”and described the economic program as a “resounding success”although he made some considerations about the level of the exchange rate.

The report highlights that October inflation was 2.7%, leaving doubts about inertia in the 4% area far behind, and allowing Milei to confirm that they will lower the crawl to 1% (neither 1.5% nor a descending step per month) if these numbers are maintained for two more months

They also name as positive that The opposition did not get the votes to change the DNU law or reverse the Decree for exchanges. They echo that Milei had a conversation with Donald Trumpwhich implies that “the idea that Argentina can play a leading role in the region for the United States is being consolidated.”

The list goes on to enumerate the “achievements” like the one that the BCRA follows buying currencies in the MULC, salary indicators They continued to beat inflation in September. In conclusion to this scenario, 1816 remarked: “The economic program is, so far, a resounding success.”

In this regard, he added that this situation “allowed the Government to overcome successive doubts, first around the sustainability of the fiscal surplus and the crawl, then around the role of inertia“. However, he warned: “There are still more than reasonable doubts about the exchange rate (because whenever we had such a low real exchange rate things ended badly and the stocks of pesos measured at the CCL do not stop growing)”.

However, he immediately considered that “Vaca Muerta (with the whitewash as a bridge for the next 12 months) allows us to assign at least interesting chances to the ‘this time it’s different’. Is everything going well? We don’t know.”The external context and the 2025 elections will be key. One among many unknowns: How will it impact the elections if the salaries of public employees, who represent a third of registered employees (although less than 10% of the electoral roll), are still 16% below the Nov-23 level?“, noted 1816.

Source: Ambito

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