A prova que a confiança no Plano Milei está firmando

Summary

Fernando Ulrich reviews positive Argentine economic indicators under Milei: stable exchange rate, recovering GDP, falling inflation, and rising dollar deposits signaling growing confidence. He emphasizes that while progress is being made, further reforms are needed.

• Argentine exchange rate has stabilized between 1440-1490 pesos per dollar.
• ARGT ETF shows stock market recovery but currently lateralizing.
• Risk country fell to around 500 points, below recent highs.
• GDP reached all-time high in March 2025, up 5.5% year-over-year.
• Monthly inflation fell to 2.6% in April, annual rate still high at 32.4%.
• Monetary aggregates (base money and M2) are stabilizing, suggesting future inflation may decline.
• Dollar deposits as share of M2 rose to 33%, near Macri-era highs, indicating confidence.
• Ulrich notes the recovery is ongoing and more structural reforms are needed.