Milei’s shock therapy for Argentina: Economic miracle or mirage?

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<source type="image/webp" srcset="https://s.france24.com/media/display/2a4f59de-92b0-11f0-8e37-005056bf30b7/w:388/p:16x9/000-74LT9Q6.webp 388w,https://s.france24.com/media/display/2a4f59de-92b0-11f0-8e37-005056bf30b7/w:720/p:16x9/000-74LT9Q6.webp 720w,https://s.france24.com/media/display/2a4f59de-92b0-11f0-8e37-005056bf30b7/w:1024/p:16x9/000-74LT9Q6.webp 1024w,https://s.france24.com/media/display/2a4f59de-92b0-11f0-8e37-005056bf30b7/w:1280/p:16x9/000-74LT9Q6.webp 1280w" sizes="(max-width: 1076px) 100vw, 1012px"> <img fetchpriority="high" src="https://s.france24.com/media/display/2a4f59de-92b0-11f0-8e37-005056bf30b7/w:1280/p:16x9/000-74LT9Q6.jpg" srcset="https://s.france24.com/media/display/2a4f59de-92b0-11f0-8e37-005056bf30b7/w:388/p:16x9/000-74LT9Q6.jpg 388w,https://s.france24.com/media/display/2a4f59de-92b0-11f0-8e37-005056bf30b7/w:720/p:16x9/000-74LT9Q6.jpg 720w,https://s.france24.com/media/display/2a4f59de-92b0-11f0-8e37-005056bf30b7/w:1024/p:16x9/000-74LT9Q6.jpg 1024w,https://s.france24.com/media/display/2a4f59de-92b0-11f0-8e37-005056bf30b7/w:1280/p:16x9/000-74LT9Q6.jpg 1280w" sizes="(max-width: 1076px) 100vw, 1012px" width="1280" height="720" alt="Argentina's President Javier Milei speaks on national broadcasting to announce the submission of the 2026 budget to Congress, September 15, 2025 in Buenos Aires." loading="eager" class="a-img "/> Argentina's President Javier Milei speaks on national broadcasting to announce the submission of the 2026 budget to Congress, September 15, 2025 in Buenos Aires. © AFP PHOTO / Argentina's Presidency Issued on: 10/10/2025 - 14:48 Modified: 10/10/2025 - 14:49

15:33 min

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Was the "Argentina miracle" that Javier Milei boasted about really a miracle? As the libertarian president approaches his third year in office, and with midterm elections around the corner on October 26, we take a closer look at Argentina's economy with Juan Ignacio Carranza, lead analyst at Aurora Macro Strategies in Buenos Aires.

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