Winning the election saved the administration from making immediate and desperate corrections from a position of weakness, but it does not save them from making changes altogether.
Politics is increasingly unpredictable, that nothing lasts forever and that change happens overnight.
A political analyst and Director for the Americas for the Horizon Engage political risk consultancy firm notes that the Javier Milei administration has experienced a rollercoaster of emotions, from joy at its unexpected victory in Buenos Aires City’s local elections in May, to desperation after a big defeat in local elections in Buenos Aires Province in September.
Now, with a commanding victory in the nationwide midterms, the Milei administration is back on top. Argentines have given Milei a new, more powerful life, which he will have to use wisely to mature his young government into adult life.
Author's summary: Milei's administration faces new challenges.