Overview

• Monthly inflation fell to roughly 1.6% in June 2025 as the government reported a fiscal surplus after about 30% spending cuts and a clampdown on money creation.
• The administration deregulated large parts of the economy, freed the peso’s exchange rate, and cut roughly 50,000 public-sector jobs.
• The IMF projects 5.5% growth for 2025 and 4.5% for 2026, with reporting noting a declining public-debt ratio.
• Poverty reportedly jumped to 53% early in the term, then eased to about 31% as real wages recovered, even as small, regular protests continued.
• Parliamentary elections set for late October will test Milei’s program, with his party leading polls and partnering with PRO in Buenos Aires, while Bolivia’s first-round vote gave right-leaning candidates about 80% in a shift observers link to his example.