Argentina: Milei labor reform fails to stem job losses; 32,000 firms close
Published 13 h ago5 sourcesEvidence: Reported
Argentine economists Juan Graña and Pedro Gaite warn that President Milei's economic plan is showing exhaustion, citing stagnant activity, falling consumption, and deteriorating employment and income. The claims are analytical commentary rather than hard data, but signal growing domestic skepticism about the sustainability of the adjustment program.
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Argentina's economic stabilization under President Milei is reportedly faltering, characterized by persistent high inflation, declining purchasing power, and stagnant economic growth. Sovereign bond risk premiums are increasing, and domestic economists claim Milei's economic plan is showing exhaustion, raising concerns about policy sustainability ahead of upcoming elections. However, some analysis suggests Milei's structural reforms may persist even with a political shift, potentially mitigating market impact.
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