Cavallo defended Macri and predicts an exchange exchange if Alberto Fernández wins

10 days after the STEP, the former Minister of the Economy Domingo Cavallo He warned that a favorable outcome for the Frente de Todos could generate a currency swap. In addition, he supported the official formula by pointing out that a reelection would boost the economy.

The ideologue of the biggest economic crisis in the history of Argentina has used his website to publish a column of opinion on the economy and politics. There, he pointed out that with a victory of In front of all in the primaries of 11 August, "the chances of victory will be accentuated" in October of the formula formed by Alberto Fernández and Cristina Kirchner, "This happened before, or not, the exchange rate and the inflationary explosion."

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"The price of dollar it will mount all that is needed to produce a liquidation of public and private sector debt in pesos. "In turn, with a hypothetical positive outlook for the government, the former minister said that "inflation should stay in the environment by 2% per month. "

For Cavallo, win wins the formula Mauricio Macri–Michelangelo Pichetto, it is likely that "the slow reactivation of the economy will continue, the price of the dollar rising from 45 to 50 pesos the rest of the year". With the re-election of Macri "growth opportunities are open for 2020 with the continuation of the deflation process," he said.

However, Cavallo cautioned that if "significant" changes in monetary policy are not made and that no effort is made to eliminate the "anti-export bias", the economy will not will develop no more than 1% and l & # 39; inflation less than 25% per year.