"It is an economy that is in intensive care," Miguel Kiguel, a former undersecretary of finance at the Economy Ministry in the 1990s, told Reuters.
"The main challenge is to get Argentina out of stagnation, but to do that you have to lower inflation."
J.P. Morgan has estimated inflation will end 2023 at 210%, while a central bank poll of analysts forecast 180%.
In a bid to tamp down inflation Argentina's central bank has hiked the benchmark interest rate to 133%, which encourages saving in pesos, but hurts access to credit and economic growth.
Milei wants to ditch the peso completely and dollarize the economy, while Bullrich says she favors a dual peso-dollar system.
Persons:
Javier Milei, Sergio Massa, Patricia Bullrich, Miguel Kiguel, J.P, Morgan, Fernando Morra, Bullrich, Eliana Raszewski, Adam Jourdan, Daniel Wallis
Organizations:
Argentine, Buenos Aires, Argentina, Economy Ministry, Reuters, Reuters Graphics Reuters, Coldplay, Reuters Graphics, CENTRAL, International Monetary Fund, Thomson
Locations:
Buenos Aires, BUENOS AIRES, Argentina, China, Brazil