Argentina: Poverty, Inactivity, Country Risk Worry Ruling Party, Opposition, Business, Church
Argentine political actors express concern over rising poverty, economic inactivity, and country risk. In New York, President Milei promised the best year in history for 2028 if re-elected, while opposition figures Kicillof and Máximo Kirchner made competing pitches to investors, highlighting political fragmentation ahead of elections.
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Argentina — 93 developments
Argentina: Milei Faces Economic Headwinds, Congressional Opposition Ahead of Midterms
President Milei's administration is experiencing increased economic headwinds, including falling activity, weak investment, and rising poverty, which complicate his political standing ahead of midterm elections. A more hostile Congress is anticipated to increase legislative risk, while political fragmentation is evident among key actors. The primary uncertainty is the rate of economic deterioration and its impact on the upcoming vote.