Argentina's Midterm Elections: Milei's Party Leads in Polls Amid Economic Concerns

Argentine President Javier Milei's party, La Libertad Avanza, holds a significant lead in polls ahead of the country's midterm elections in October. The party is favored by 39% of respondents, while the main Peronist bloc, Union por la Patria, has 28%. Milei's pro-market agenda has seen inflation near a five-year low, poverty fall, and currency controls lifted for individuals. The elections will determine the country's financial future, with investors watching to see if Milei's agenda is politically sustainable.

President Javier Milei's political party, La Libertad Avanza, holds a significant lead in the polls ahead of Argentina's midterm elections in October. According to a recent survey conducted by AtlasIntel for Bloomberg News, 39% of respondents intend to vote for Milei's party, well ahead of the main Peronist bloc, Union por la Patria, which has 28% support [1].

Despite historic austerity measures and rising unemployment, Milei's pro-market agenda has gained traction. The country has seen inflation near a five-year low, a decline in poverty, and the lifting of currency controls for individuals. These achievements have contributed to Milei's popularity, though the economy remains a concern for many Argentines, with 59% reporting that the economy is bad and 68% saying the same about the job market [1].

The upcoming elections will be crucial for Argentina's financial future. Milei's party needs more representation in Congress to advance its business-friendly agenda, which includes tax and labor reforms. Investors are closely watching to see if Milei's pro-market agenda is politically sustainable. After a major rally in Argentine bonds following Milei's election, sovereign notes have plateaued so far this year, awaiting more political certainty [1].

Meanwhile, Argentina's visa restrictions with the United States are being lifted, which could boost trade and investment ties between the two countries [2]. This move comes as President Milei seeks to shift his foreign policy and may signal a broader effort to improve Argentina's economic outlook.

References:
[1] https://www.bloomberg.com/news/articles/2025-07-31/milei-s-party-holds-big-lead-in-poll-ahead-of-midterm-vote
[2] https://www.scmp.com/news/world/americas?module=top_story&pgtype=homepage