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How Did 108 Economists Predict Milei's Results Exactly Wrong? | The Daily Economy (thedailyeconomy.org)

submitted 4 days ago by [email protected] to c/economy

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[–] [email protected] 1 points 4 days ago

Milei recently completed his first year as president, and the results are not what Piketty and company predicted.

In his first month in office, the Associated Foreign Press reports, Milei oversaw a record 25.5 percent inflation rate. By November, inflation had fallen to 2.4 percent.

GDP grew nearly four percent in the July-to-September quarter

“Their understanding of how markets work and of how governments work is superficial,” writes Henderson. “I wonder if any of them, seeing the apparent success of Milei’s policies, are questioning their prior views. We can always hope.”