International financial outlets warn about Mileis plummeting popularity amid economic slowdown

The Economist and Financial Times warned in recent articles that President Javier Milei’s popularity is sliding amid corruption scandals and a worsening economy, ahead of the 2027 presidential elections. On Tuesday, the British outlets said Milei’s policies are driving a contraction in economic activity and tax revenues, while fueling inflation — developments that have cost thousands of Argentines their jobs. These issues come amid increasing accusations of corruption against Milei’s, government, they stated. The Economist In an editorial titled “Javier Milei is in serious trouble,” The Economist criticized the Argentine president’s claim that “he is the true victim of a struggling economy.”  The outlet quoted a phrase the president recently said during a gala of think tank Fundación Libertad — which they described as a “swanky event” — where he stated he was the person who was “hit hardest” by the cuts in government spending, because his salary hasn’t increased since he took office. “That message is unlikely to win over struggling Argentines,” The Economist wrote, adding that Milei’s net approval rating has plunged to “almost minus 30, the worst since he took office in December 2023.” While highlighting Milei’s party La Libertad Avanza’s victory in the 2025 legislative election, which, according to the magazine, seemed like an endorsement of his “radical cost-cutting and liberalizing agenda,” the paper warned that the situation may not be the same next year due to corruption scandals and a struggling economy. “Mr Milei does not face re-election until October 2027 and an energy boom could help him, but he needs to get a grip,” it stated. Citing a series of economic issues, The Economist concluded: “Argentines might have ignored corruption allegations if the economy were humming. It is not.” “To avoid spirals, he may need to be on track to win comfortably. Growth, jobs and falling inflation would be a big help. He has no time to lose.” Financial Times In another article on Tuesday, Financial Times said that Milei is “battered by scandals and a slowing economy.” “Javier Milei’s popularity in Argentina is falling as government officials face graft allegations and unemployment climbs,” it stated. The newspaper cited recent polls which show Milei’s approval rating fell from around 45% to 35% in the past month. In addition, trust in his administration fell by 12% in April, according to a poll by Torcuato Di Tella University. The outlet mentioned that the issues currently affecting Milei’s popularity are the illicit enrichment accusations against Chief of Staff Manuel Adorni and the worsening economic situation for working class Argentines. While Milei’s reelection was previously seen as certain, the article said, now it is not so sure amid “frustration” over the drop in retail activity, manufacture and most industries. It also mentioned dropping salaries and rising unemployment, which reached 7.5% in the last quarter of 2025, the worst figure since 2020.