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Milei’s Approval Rating Reaches Record Low as Wall Street Remains Cautious

In October, Argentine President Javier Milei experienced a significant decline in his approval ratings, reaching the lowest point since he assumed office. This drop comes just days before critical midterm elections, where voters will decide nearly half of the seats in Congress on Sunday.

Milei’s coalition faces an uphill battle, needing to secure over 34% of the vote to enhance their chances of passing key economic legislation. Despite this necessity, public sentiment regarding Argentina’s economy remains pessimistic, which poses further challenges for the administration.

The decline in Milei’s popularity has prompted global investors to prepare for potential repercussions in Argentina’s financial markets. Financial analysts are closely monitoring the situation, as the outcome of the elections could significantly influence the economic landscape. Bloomberg’s Patrick Gillespie shared insights on this topic during an appearance on ‘Bloomberg Businessweek Daily,’ discussing the implications for both Milei and the future of Argentina.

As the midterm elections approach, the political climate in Argentina remains tense, with many awaiting the results that could reshape the nation’s economic trajectory.

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Source: Original