Domingo Cavallo said that if the stocks are not lifted, we are going to a "depression" And he explained why there could be a new devaluation. Cavallo showed that the online prices measured by his son, the economist Alberto Cavallo, from November to April slowed down, "anticipating" the trend of the INDEC index, which fell from 12.5 % in November to 11% in March (with a peak in December).
"Until April 15, online prices fell from 8 to 6.5%, I estimate that until May the rate will be 9.5% for the first time in single digits," he said in a talk with the CEO of Cocos Capital, Ariel Sbdar, before more than 300 investors. According to the former minister, this path "excites" the government and positively influences the markets. He projected that inflation will stabilize "between 6 and 7% monthly" and that the devaluation rate will remain at 2% monthly.