POLITICS

Argentina votes in midterm elections set to test President Milei's mandate

Buenos Aires shows Argentina's split-screen economy as midterm voting nears: luxury car sales and bankers in Puerto Madero hail President Javier Milei's policy shifts, while families across the Riachuelo rely on soup kitchens after subsidy cuts and the unwinding of price controls on staple foods. Markets whipsawed after U.S. President Donald Trump threatened to pull $20 billion in aid if Milei loses to a "socialist or communist," even as the U.S. Treasury sold dollars and opened a $20 billion credit line. Inflation has eased but purchasing power has shrunk. Polls signal a race that could shape his austerity drive.

Reviewed by JQJO team

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