Argentina: Government Milei's support weakens due to economic difficulties. According to polls, the government's approval rating turned negative: 54% of respondents in February gave a negative assessment. At the same time, the share of those who rate the situation as 'very good' sharply decreased, while the number of 'very bad' answers increased. The main reason is the lack of relief in daily economic life. Part of society associates the economic crisis with the previous cycle and believes that the current government is 'trying to fix' more than it 'causes'. Polls show that 70.7% stated their family financial situation 'remained just as bad' or worsened, a 7-point jump from December. Official data showed an inflation rate of 2.9% in January, confirming an upward trend. Many Argentines wanted lower inflation to improve their quality of life. However, despite the deterioration in social sentiment, the ruling coalition has an advantage: the lack of a strong and convincing opposition. While the government is succeeding in Congress, its main question is how long it can sustain its political capital if the domestic economy does not offer verifiable relief. Meanwhile, the purchasing power of wages has not fully recovered the ground lost since 2023. In focus groups, a phrase often repeats: 'the macro is being ordered, but it's not reaching home'.
