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A Top University in Argentina Just Gave the Worst Possible News to the Milei Brothers: 99% Probability of Recession
Summary by El Economista
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"The probability that the economy will enter a slowing phase in the next six months is 99%," says UTDT economist Mart n Gonz lez-Rozada.
The Leader Index (IL), which seeks to anticipate trend changes in the economic cycle, dropped 0.58% in January, relative to December, and 1.99% in comparison to the same month last year, reported today the Torcuato Di Tella University (UTDT). During the first month of the year, only three series of the 10 that make up the Leader Index presented significant positive variations. These were the M1 in real terms, that is the amount of money in circu…
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