President Javier Milei's government saw a significant uptick in approval ratings last month, with about 47% of Argentines expressing support for his administration in November, compared to 43% the previous month. This positive shift comes as the country's economy shows signs of recovery and inflation reaches its lowest point in nearly three years.
The improvement in Milei's popularity follows a challenging period marked by protests against spending cuts to public universities. However, recent economic indicators paint a more optimistic picture for Argentina. Key metrics such as monthly growth in economic activity, wage increases outpacing inflation, and a significant slowdown in consumer price rises since December have contributed to a more favorable perception of the government among the populace.
Notably, the victory of Donald Trump in the US presidential election has also stirred optimism in Argentina, with nearly half of respondents in a recent poll expressing hope for improved economic conditions with the Republican president-elect back in the White House. Milei, a staunch supporter of Trump, is keen on securing a new deal with the International Monetary Fund to replace the current loan agreement, and believes US support will play a crucial role in these negotiations.
Overall, the shift in public sentiment towards President Milei reflects both economic progress and a perceived alignment with potential international developments. As the administration marks its first year in office, the rising approval ratings signal a growing confidence in the government's ability to navigate the country towards stability and prosperity.