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A nationwide strike in Argentina poses major test to Milei’s economic ‘shock therapy’

  • The nationwide strike comes just 45 days after President Javier Milei took office, making it the fastest action of its kind into the term of a new Argentina government.
  • Thousands of workers are poised to take the streets after a mobilization called by the opposition aligned Confederación General del Trabajo (CGT), the largest and most influential union in the country, and other union forces.
  • Analysts warned that the potential for the labor union's movement to grow in both size and potency could become a serious disruptor of economic activity.

Argentina's largest labor union grouping on Wednesday is expected to hold a nationwide general strike to protest President Javier Milei's shock economic agenda.

The strike comes just 45 days after the right-wing leader took office, making it the fastest action of its kind into the term of a new Argentina government.

Thousands of workers are poised to take the streets after a mobilization called by the opposition aligned Confederación General del Trabajo (CGT), the largest and most influential union in the country, and other union forces.

The strike represents a significant test for Milei, who has announced sweeping measures to deregulate Latin America's third-largest economy.

Analysts said the general strike was unlikely to have a significant impact on Milei's policies in the near term but warned the potential for the labor union's movement to grow in both size and potency could become a serious disruptor of economic activity.

Argentina's government has not responded favorably to the strike action. Milei's administration has reportedly said it will dock a day's pay from each striking public servant, and established an anonymous toll-free line for people to report "threats and

Read more on cnbc.com