国际观察｜阿根廷经济改革路在何方

Core Insights - Argentina's financial market is experiencing turmoil, with currency depreciation and declines in bond and stock markets, prompting the central bank to intervene using foreign reserves [1] - President Milei is seeking economic assistance from the U.S. and the International Monetary Fund (IMF) to alleviate the crisis, indicating challenges in implementing effective economic reforms [1][6] Economic Performance - Despite some improvements in economic indicators such as inflation and poverty rates, the cost of living remains high, leading to declining government support [2] - Economic activity in Argentina is projected to stagnate significantly by the first half of 2025, with a reported GDP decline of 0.1% in Q2 2025 [2][3] Political Landscape - The recent electoral defeat of Milei's coalition in Buenos Aires has intensified market volatility and raised questions about the government's economic reform measures [2][3] - The ongoing divergence between the presidency and Congress may hinder Milei's plans to reduce fiscal deficits and control inflation [3] Social Impact - The high cost of living and currency devaluation have led to public discontent, with citizens expressing frustration over the government's failure to improve living conditions [4][5] - The reduction in social welfare spending has exacerbated the struggles of the working class, leading to a sense of hopelessness among the populace [4][5] External Assistance - Milei's twelfth visit to the U.S. aims to secure financial support, with discussions on currency swaps and bond purchases, although concerns about the transparency and implications of such aid persist [6][7] - Historical reliance on external financial assistance has often resulted in failure, raising doubts about the effectiveness of Milei's approach to economic stabilization [7]