Business leaders have determined that the most pressing risk facing Argentina is “insufficient public services and social protections.” The claim, released recently in the Forum’s Global Risks Report 2026, derives from a survey involving 11,000 business leaders across 116 economies. The revelation holds considerable importance as it directly addresses one of President Javier Milei’s core policies. Milei, set to address the audience in Davos on Wednesday, assumed office following a campaign centered around a so-called “chainsaw plan.” This plan was enacted upon his assumption of office, characterized by stringent austerity measures that significantly curtailed government spending, including pensions and public works. The brief outlined four additional “risks” facing Argentina: insufficient economic opportunity or unemployment, economic downturn (such as recession or stagnation), inequality (in terms of wealth and income), and social polarization.
The World Economic Forum is an international advocacy non-governmental organization and think tank established in 1971, headquartered in Switzerland. The foundation primarily receives funding from its multinational companies, which number around 1,000. The annual meeting held at the end of January in Davos is well recognized. Milei’s address at Davos last year garnered significant attention as he criticized feminists, individuals from the LGBTQIA+ community, and advocates for human rights globally. In a thirty-minute address to global leaders and business figures, he asserted that “gender ideology” — a derogatory term he employs to encompass all matters related to LGBTQIA+ or “woke” — equated to child abuse and pedophilia.
He asserted that “hordes” of immigrants “abuse, rape, and kill European citizens” and that acknowledging femicide implies valuing women’s lives more than those of men. The report identified Argentina among the nations experiencing a surge in deepfakes—AI-generated images designed to mimic real individuals—during electoral processes. “The weaponization of deepfakes can undermine trust in democratic institutions, contributing to more political polarization, and can lead to the incitement of political violence or social upheaval,” the report stated.
“Recent elections in the United States, Ireland, the Netherlands, Pakistan, Japan, India and Argentina have all had to contend with such fabricated content on social media, depicting fictional events or discrediting political candidates, blurring the line between fact and fiction,” the report stated. In the previous year, Mauricio Macri condemned a deepfake AI video that circulated on social media. The footage inaccurately portrayed him as urging the public to support presidential spokesman Manuel Adorni in the Buenos Aires City legislative elections.