(FILES) Storm clouds cover the skyline of downtown of Buenos Aires, on February 7, 2020. Household arrears in Argentina have tripled in twelve months and reached in 2026 their highest level in 20 years during Javier Milei's government. The main problem is stagnant incomes and soaring living costs, particularly due to utility bills, which have far outstripped inflation since the ultra-liberal president came to power in December 2023. (Photo by RONALDO SCHEMIDT / AFP via Getty Images)

(FILES) The sun sets behind the skyline of Buenos Aires on January 19, 2023. Household arrears in Argentina have tripled in twelve months and reached in 2026 their highest level in 20 years during Javier Milei's government. The main problem is stagnant incomes and soaring living costs, particularly due to utility bills, which have far outstripped inflation since the ultra-liberal president came to power in December 2023. (Photo by Luis ROBAYO / AFP via Getty Images)

General view of luxury brands Hermes, Cartier and Bvlgary shops in a shopping mall in the Jing' an district in Shanghai on August 18, 2026. (Photo by Hector RETAMAL / AFP via Getty Images)

People walk next to a Rolex watch shop in the Jing' an district in Shanghai on August 18, 2026. (Photo by Hector RETAMAL / AFP via Getty Images)

People walk next to a Louis Vuitton shop in the Jing' an district in Shanghai on August 18, 2026. (Photo by Hector RETAMAL / AFP via Getty Images)

People visit a shopping mall in the Jing' an district in Shanghai on August 18, 2026. (Photo by Hector RETAMAL / AFP via Getty Images)

People walk along a street in the Jing' an district in Shanghai on August 18, 2026. (Photo by Hector RETAMAL / AFP via Getty Images)

People visit a shop in a shopping mall in the Jing' an district in Shanghai on August 18, 2026. (Photo by Hector RETAMAL / AFP via Getty Images)