Economy

684 readers

163 users here now

Lemmy Community for economy, business, politics, stocks, bonds, product releases, IPOs, advice, news, investment, videos, predictions, government, money, politics, debate, current trends and more.

founded 2 years ago

MODERATORS

sv1sjp

-5

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

submitted 3 days ago by [email protected] to c/economy

2 comments fedilink hide all child comments

top 2 comments

sorted by: hot top controversial new old

[–] T00l_shed 2 points 3 days ago

I'm sure deregulation will only help in the long run /s

[–] [email protected] 1 points 3 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.”