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Argentinaโ€™s Milei is struggling with the economy and losing popularity

12 April 2026 at 04:00

In a scenario constructed from the official statistics promoted by the government, Javier Mileiโ€™s Argentina is a happy world: poverty is falling to its lowest level in the last seven years, economic activity is reaching record highs, and fiscal balance is being maintained. But, simultaneously, more and more people say that their present situation doesnโ€™t align with the successes touted by the far-right president, a disconnect pointed out not only by his detractors but even by figures of economic orthodoxy aligned with his policies. Are the official figures false? No, but they are averages that fail to capture an unequal and fragmented socioeconomic reality. And they coexist with other, also official, data, such as the rise in unemployment. Or the acceleration of inflation, whose containment had been Mileiโ€™s main achievement and which now remains above 3% per month. In this context, social discontent is spreading, fueled by corruption scandals: almost all opinion polls indicate that the presidentโ€™s approval rating is at its lowest point.

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ยฉ Tomas Cuesta (Getty Images)

Javier Milei in Buenos Aires, April 2.
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