Argentina's Next President Faces Uphill Battle to Fix Troubled Economy

Argentina has a long history of economic problems like high inflation, defaults, and frequent recessions. The next president faces huge challenges to fix the economy.

Leading candidate Javier Milei promises radical free-market reforms like slashing spending, scrapping taxes, and dollarization. But his lack of political experience and coalitions may hinder progress.

Decades of populist and unstable governance have weakened institutions and fostered corruption and clientelism. Structural reforms have often failed.

Some positive signs like booming lithium, oil, and tech sectors. But reliance on charismatic leaders versus consensus-building has limited stability.

Quick fixes like dollarization unlikely to solve underlying issues. Milei's failure to win congressional majority may cause gridlock. Turnaround requires political change.