The 8.5% increase in the CPI registered in April finds the Peronist government without international reserves and politically weakened. The Casa Rosada has tied its electoral future to a candidacy of Economy Minister Sergio Massa.
If Massa does not achieve economic results, he will hardly be a candidate. The government's bet is to avoid an economic explosion that squanders any possibility of electoral victory in October. The crisis has ended up cracking Peronism, in a long process of political flagellation that began at the beginning of the administration, in 2019.