Despite social challenges, Argentina's President Javier Milei will retain enough support to advance his economic platform in 2025, likely leading to further economic and regulatory improvements and a gradual easing of capital controls. Milei took office on Dec. 10, 2023, and pushed for harsh austerity and deregulatory measures, which have secured successive monthly fiscal surpluses and declines in inflation at the expense of rising poverty and recurring protests. Milei's sweeping reforms aim to stabilize the economy by cutting public spending, subsidies and money printing to bolster dollar reserves and curb inflation while streamlining bureaucracy and offering tax, customs and exchange incentives to attract investments and stimulate growth. The austerity platform he campaigned on under the symbol of a chainsaw translated into reducing the number of ministries from 18 to nine, dismissing 33,000 or 9.6% of the country's public employees, suspending all public construction works and curbing funds for education, healthcare...
