Particle.news

Download on the App Store

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.
Hero image