Argentina’s economy expanded faster than expected in June, a boost for President Javier Milei as he grapples with persistently high inflation and growing public frustration over his libertarian agenda.
Milei has won plaudits from the World Bank and IMF for seeking to cut public-sector spending and slash red tape, but huge challenges remain.
Economists project inflation will sit around 30% by year-end, and growth overall is slowing. Halfway through his presidential term, around 70% of voters rate Argentina’s economic situation negatively and increasing numbers are voicing anger over wages and unemployment, El País noted.
Some issues are also of his own making: Milei’s public support for the right-wing challenger to Brazil’s presidency is “potentially economically destructive,” one leading economist noted.
