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Argentina's Economy Minister Declares Kirchnerism Will Never Return, Predicts Milei Landslide
🇦🇷 Argentina /Elections & Politics

Argentina's Economy Minister Declares Kirchnerism Will Never Return, Predicts Milei Landslide

From La Nación · () Spanish

Translated from Spanish, summarized and contextualized by DistantNews.

At a glance

News Named sources Context piece
  • Argentine Economy Minister Luis Caputo asserted that the "Kirchnerism" political movement will never return to power in Argentina, regardless of external events.
  • Caputo predicted a landslide victory for Javier Milei in the 2027 elections and stated that the economy is growing despite the challenges of overcoming "20 years of populism."
  • He presented a positive economic outlook, highlighting reduced prices for goods like clothing and footwear, while acknowledging necessary increases in utility and fuel tariffs.

Argentine Economy Minister Luis Caputo has declared that the "Kirchnerism" political movement is no longer a viable option in the country, predicting it will never regain the presidency. Speaking at the Cambras Business Day event, Caputo stated, "There may be an external shock, there may be a world war or an extraterrestrial invasion, but Kicillof will never be president in his life in Argentina."

There may be an external shock, there may be a world war or an extraterrestrial invasion, but Kicillof will never be president in his life in Argentina.

— Luis CaputoArgentine Economy Minister, expressing his certainty about the political future.

Caputo went further, forecasting a decisive victory for President Javier Milei in the 2027 elections, saying he will win "by a landslide in the first round." He attributed this confidence not to arrogance but to his genuine assessment of the political landscape. He also projected a strong economic future, anticipating 2027 to be better than many consultants predict, repeating his phrase "The best is yet to come."

The minister presented a robust economic performance, stating that the economy is currently growing at an annual rate of 3.5% to 4%, which he described as the "envy of most countries in the world." He explained that the economy's full potential is 7% to 8% growth, but the gap exists due to the time required to "reconvert 20 years of populism." He also cited lingering skepticism in society and among business leaders as a factor contributing to the lag.

We are on the precipice and heading for hell in November 2023. Today the worst has passed.

— Luis CaputoDescribing the economic situation inherited by the current administration.

Caputo detailed the government's economic achievements since November 2023, describing the inherited situation as an "atomic bomb" that was defused without a bank run, default, or deposit confiscation. He emphasized that this was achieved while respecting private property, calling it a "transcendental change." The new economic model, he asserted, is founded on investment, competition, and exports, supported by macroeconomic stability that he believes stems from a genuine political decision for the first time.

Everything was done respecting private property. This is a transcendental change.

— Luis CaputoHighlighting the government's approach to economic reforms.
DistantNews Editorial

Originally published by La Nación in Spanish. Translated, summarized, and contextualized by our editorial team with added local perspective. Read our editorial standards.

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