Argentina Faces Economic Turmoil as Milei's Reforms Stall
President Javier Milei's ambitious economic reforms face significant hurdles in Congress, as inflation hits record highs and public support wavers.
- President Javier Milei's efforts to combat Argentina's economic crisis through radical reforms are facing resistance in Congress.
- Despite a lack of legislative progress, Milei's administration has seen some signs of economic stabilization, but daily life remains largely unaffected.
- Milei's popularity has slightly declined from 55% to 46% over his first 100 days in office, though he retains a strong base of support.
- Inflation is projected to reach 275% annually, with poverty levels rising and purchasing power decreasing across all sectors.
- Milei has proposed a 'May Pact' to seek political consensus for his reform package, as the country's economic situation remains precarious.