What people don't talk about is that the good things the new administration achieved came with a big price: an expected drop of close to 4% in GDP. With the expectation of recovering it fast next year. So next year is the turning point for Milei, if the recession ends or intensifies. A shrinking economy with smaller inflation but in recession is worse than a growing economy with higher inflation.
Also the GDP drop should be bigger but the previous year there was the worst drought in the country's history and it relies heavily on agriculture so the economy was already in a terrible state with a paralyzed and incompetent president at the time. Now the agrobusiness is growing strong (compared to the terrible previous year) but not enough to balance against the recessive economic measures to reduce state spending.
Also the GDP drop should be bigger but the previous year there was the worst drought in the country's history and it relies heavily on agriculture so the economy was already in a terrible state with a paralyzed and incompetent president at the time. Now the agrobusiness is growing strong (compared to the terrible previous year) but not enough to balance against the recessive economic measures to reduce state spending.