Last Sunday, November 19, Argentines elected the extreme right candidate as president, the ultraliberal Javier Milei. It was a turning point, since, in the first round, he lost to the government candidate, Sergio Massa.
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The impact of Milei's victory on Argentina's economy should be felt in the coming days, according to an analysis by G1. During the elections, the Argentine peso devalued. One more, actually.
The fall in the peso, combined with inflation of more than 140% in 12 months, encourages Brazilian tourism in the country. After all, with a few reais it is possible to have a “rich man's trip” there.
Buenos Aires queen, other cities nothing
In an interview with the portal, Mariana Figueiredo, executive president of the Brazilian Association of Tour Operators (Braztoa), pointed out that “the exchange rate at this level allows for an upgrade in services, with excellent hotels, restaurants, wines and tours at costs lower than normally would have.”
According to her, there is an expectation that demand will rise a little more in the coming months. In fact, the devaluation of the Argentine peso has already placed Buenos Aires as one of the main tourist destinations for Brazilians.
Will Milei keep the soil fertile for Brazilian tourists?
Economists consider Milei's proposals for Argentina's Economy as “uncertain”. Therefore, there is still no guarantee that investors will inject money into the country so that the Argentine peso gains more strength in the international market.
Still according to G1, among the proposals are the dollarization of the economy and ending the central bank. However, to do so, he still needs to gain broad support from Congress – something it is not known whether he will have.
So, in the current scenario, the forecast is that Argentina will become even cheaper for Brazilian tourists – at least in the short term. The direct impact of Javier Milei's elections on the Argentine economy will only be felt at the end of the week.
Graduated in Social Communication from the Federal University of Goiás. Passionate about digital media, pop culture, technology, politics and psychoanalysis.