Israel's friend in trouble: the data worrying Javier Milei
A new Bloomberg survey reveals that 62% of Argentinians hold a negative view of President Javier Milei, up from 59% in the previous poll. Unemployment has overtaken inflation as the main concern, bond yields are soaring, and Trump's support is in doubt.
Argentine President Javier Milei, a staunch friend of Israel, is facing a growing political and economic crisis. A new Bloomberg and AtlasIntel poll, published on Friday, shows that 62% of Argentinians have a negative view of the president, compared to 59% in the previous poll. Only 36% expressed a positive opinion. For the first time in over a year, unemployment has overtaken inflation as the public's main concern: about half of respondents cited it as a major problem, compared to only about a third who cited inflation. 70% described the state of the labor market as poor. Meanwhile, Milei's political rivals are gaining strength: Buenos Aires Governor Axel Kicillof enjoys 39% positive ratings, and former President Cristina Fernández de Kirchner leads with 41%. In the markets, concern is evident: Argentine bond yields for 2035 have jumped from 9% in July to 13% in November. The support of US President Donald Trump is also in doubt in light of the Democrats' victory in the congressional elections. The Polymarket prediction market reflects a drop in the probability of Milei winning the election from 56% to 43%.