• Milei's first signs are in the direction of some moderation. We believe that the idea of dollarization will have to wait, as will the closure of the Central Bank.
Most economists (including those of us at Econviews) believe that fiscal adjustment is a necessary condition to stabilize the economy. That is to say, Javier Milei has the correct diagnosis.
Milei has been elected with roughly 56% of the popular vote, which means that he has a strong mandate to go ahead with his plan for stabilization and structural reforms. On the other hand, he has a small representation in Congress, including only