Overview
- La Libertad Avanza finished first with about 41% of the vote, sharply expanding its presence in both chambers but stopping short of an outright majority.
- Aligned with the center-right PRO, the bloc holds 104 seats in the lower house versus 129 needed for a simple majority, a configuration analysts call workable yet fragile.
- Washington opened a $20 billion currency swap and bought pesos to stabilize markets, with President Trump signaling broader support and warning, “If he doesn’t win, we’re out.”
- Inflation has fallen to roughly 30% from above 200% under Milei’s austerity drive, while real wages slid, over 200,000 jobs were lost, and some 18,000 businesses closed.
- Milei is prioritizing tax simplification and labor changes such as longer workdays and more flexible contracts as cabinet moves and coalition talks unfold before new lawmakers take office on December 10.