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‘Lower inflation, stronger growth’ on way, Milei tells investors
Milei argued his administration's economic achievements were “plain to see,” citing improvements on growth, inflation and Argentina’s country risk rating, which is tracked by JP Morgan. The latter, he claimed, has “fallen from 3,000 points to 500, and Argentina now showing fiscal indicators worthy of a far better rating.” He then predicted, however, that the country will only achieve investment-grade status “on the day Argentines decide to embrace the ideas of freedom and finally bury the ideas of populism.”- On inflation, Milei admitted that the monthly rate – which hit 2.6 percent last month – is “not where we want it to be, but if we had not tackled the fiscal imbalance, the Central Bank imbalance [of reserves], and put the state’s finances in order, without any doubt we would have ended up with inflation of 15,000 percent.” [...]