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Weekly Report - 15 October 2026 (WR-26-41)
ARGENTINA: Milei digs in as economy deteriorates
Argentina’s President Javier Milei is gearing up for market turmoil in the run-up to a re-election bid in October next year. Milei said his government had a significant sum at its disposal should there be a run on the peso. Such a scenario looks increasingly likely as the country’s economic prospects dampen, and Milei doubles down on unremitting austerity. The International Monetary Fund (IMF) downgraded its forecasts this week at its annual meeting, while inflation remains stubbornly high. Meanwhile, signs of dissent are emerging within his inner circle over the political repercussions damaging his electoral ambitions.
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