Milei candidacy will shape Argentine electoral debate

Significance

Milei, currently a national legislator, is running on a conservative platform that would rely on deregulation, trade liberalisation and a massive reduction in government expenditure to move the economy out of stagnation.

Impacts

• Support for Milei may grow in reaction to the long-term stagnation of this century and, in particular, the current worsening crisis.
• Milei's electoral prospects will depend heavily on the course of the economy over the coming year.
• Milei may polarise the elections, potentially driving the main opposition coalition further to the right.