Argentina’s Javier Milei:

Approval Rating Drops

Interest Rates Tumble

Sluggish Economy

Labor Reform Bill

Morgan Stanley Flip-Flop Shows Speed of Crisis Facing Milei

Javier Milei, left, speaks during an election night rally for the Libertad Avanza party in La Plata, Buenos Aires province, on Sept. 7. — Javier Milei, left, speaks during an election night rally for the Libertad Avanza party in La Plata, Buenos Aires province, on Sept. 7.
Photographer: Anita Pouchard Serra/Bloomberg

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By Vinicius Andrade and Nicolle Yapur

September 9, 2025 at 11:00 AM UTC

Updated on

September 9, 2025 at 2:25 PM UTC

Lea en español

It took less than a week — and a landslide defeat for free-market reformer Javier Milei — to make Morgan Stanley abandon its bullish call on Argentina.