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Yet his popularity has been sliding for months.

Topic: generalRegion: latin americaUpdated: i1 outletsSources: 1Spectrum: Center Only⏱ 4 min read
📰 Scored from 1 outletsacross 1 Center How we score bias →
Story Summary
SITUATION
What Milei has cut, in numbers President Javier Milei's government has brought inflation down sharply — from 211% a year in 2023 to 31% in 2025 — and locked in two consecutive years of fiscal surplus, something Argentina hadn't seen since the first Kirchner administration nearly two decades ago. Yet his popularity has been sliding for months.
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Spectrum: Center Only🌍Other: 1
Political Spectrum
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i1 outlets · Center
Left
Center
Right
Left: 0
Center: 1
Right: 0
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i1 unique outlets · Dominant: Global
KEY FACTS
  • It also reflects the toll of the deep fiscal cuts Milei has imposed, and continues to impose, on the Argentine economy.
  • The famed “chainsaw” is more than a strategy for shrinking public spending to keep inflation in check.
  • It carries political consequences, too — and they are starting to wear thin.
  • The trend deepened this year: capital expenditures in the first quarter of 2026 were down 86% from the same period in 2023.
HISTORICAL CONTEXT

In the lead-up to Javier Milei's presidency, Argentina faced a severe economic crisis characterized by hyperinflation, high unemployment, and significant public debt. By late 2022, inflation rates had soared to an astonishing 142%, with projections indicating that it could exceed 200% by the end of 2023.

The economic turmoil was exacerbated by the COVID-19 pandemic, which had already strained the economy, leading to increased fiscal deficits and a reliance on external borrowing.

Sources
1 of 1 linked articles