Economic Recovery Under Argentina's President Milei

Javier Milei, marking one year as Argentina's president, has seen inflation drop dramatically from 25% to under 3% monthly, yet poverty remains a pressing issue as it hovers around 45%. His reforms have led to a budget surplus for the first time in fifteen years, improving the Central Bank's balance sheet and narrowing the exchange rate gap between the peso and dollar. Meanwhile, the Democratic Party faces criticism post-2024 elections, with losses attributed to weakened voter support among key demographics and a shift in Republican gains, particularly among Hispanic and Asian voters. The party's reliance on economic populism is questioned, with many voters perceiving a move too far left on cultural issues. Analysts argue that mere populist rhetoric won't suffice to regain working-class trust, as evidenced by survey data showing dissatisfaction with the party’s cultural positions. The political landscape suggests a fundamental shift, challenging the viability of the Democratic coalition established during the Obama era.