Argentina's provincial elections on Sunday have resulted in unexpected consequences for President Javier Milei, whose libertarian party, La Libertad Avanza, only garnered 34% of the votes in Buenos Aires province, compared to 47% for the Peronist opposition. Milei remarked on the crushing 13-point loss, admitting it as a clear defeat and indicating a need for strategic changes within his party. Despite the setback, he reaffirmed his commitment to the ongoing economic overhaul amid rising inflation and a flagging economy. Analysts view this election as a crucial reflection of Milei's standing and the political landscape ahead of the critical congressional midterms set for next month, where he seeks to strengthen his party and advance his libertarian reforms.