BBC · September 28, 2026

The BBC analyzed the mass business closures and the dual economy under Milei's administration

The BBC published a report on the social impact of Javier Milei’s economic program, noting that more than 31,000 businesses have closed since December 2023, according to figures from the Argentine Center for Political Economy, while sectors such as mining, energy, and agriculture are experiencing strong growth. The media outlet described this situation as a two-speed economy, with exporters coming out ahead and losses concentrated among small and medium-sized businesses, retail, and manufacturing.

The article featured testimonials from small business owners affected by falling consumer spending and rising utility rates, and contrasted the views of economists who are divided on the phenomenon. While some warned that trade liberalization harms local businesses in the face of foreign competition, others argued that the adjustment is eliminating businesses that depended on money supply expansion. The article also included statements by Milei, who remarked: “Those who are faring the worst—if they don’t adapt—will go bankrupt.”

Via BBC

Also seen in: EL DEBER