Argentina's austerity-hit economy reels towards recession, testing Milei ahead of 2027 vote

Argentina's domestic businesses are struggling as weak consumer demand and cheaper imports squeeze local manufacturers under President Javier Milei's economic reforms. Sales at family-owned textile maker Eseka have fallen around 40% in three years, while more than 32,000 businesses have closed since Milei took office. Mining and energy remain among the few sectors recording growth.