https://business.inquirer.net/464261/imf-downgrades-argentin...
people spending is low because people are afraid to spend and\or just do not have money to do anything, most people are barely affording food right now.. also unemployment is increasing..
https://www.reuters.com/markets/emerging/argentine-inflation...
Dolar blue exchange rates are sky rocketing and is more then 4x higher then before Milei..
https://bluedollar.net/informal-rate/
Poverty is also sky rocketing and already affect more then half of the country population.
https://apnews.com/article/argentina-poverty-levels-uca-stud...
https://foreignpolicy.com/2024/03/05/argentina-milei-economy...
He made a surplus in the first month because he basically withheld all the money he could and some the he couldn't, to the point that Chubut governor, that is also right wing himself, was threatening to withhold all the oil produced there. Milei lost the battle in courts..
https://buenosairesherald.com/politics/the-rosca/chubut-will...
He also immediately faced huge protests when he announced his plans in the first month.
https://www.bbc.com/news/world-latin-america-68085197
And protests against his policies have being a constant..
https://www.reuters.com/world/americas/argentinas-milei-face...
https://edition.cnn.com/2024/06/12/americas/protests-argenti...
People did not voted in Milei because they liked him or his ideias, they voted against the other candidate that was the minister of economy from the previous president, and that was clearly not making a good job.
Likely anyone running against him would have won, Milei was just luck to be the one.
And Milei is not even the first right wing president in recent times, they had Mauricio Macri that is from a center-right party, in the government from 2015 to 2019. Macri did as poor of a job dealing with the country economic problems as all the left wing governments previous and after.. Milei is managing to do even worst..
My guess is that as happened with Macri in 2019, Milei will is unlikely to be elected for a second term or to elect a right wing successor if he decide to not run again himself..
In fact, i doubt he would win again in a election held today..