In 2022，Argentina’s economic recovery moderates，poverty rises，inflation worsens rapidly and the ruling pressure increases significantly. Politically，divisions within the ruling Frente de Todos have intensified，with the radicals and moderates confronting serious difference over the governing philosophy，economic reforms and debt negotiations with IMF. The rising poverty and inflation pose great challenges to the Frente de Todos’ bidding for the 2023 presidential election. Economically，the recovery process has slowed abruptly after the high economic growth in 2021. Argentina still faces some insurmountable challenges in the near future，including high fiscal deficit，sharp depreciation of Argentine peso vs US dollar，over-burdened foreign debt and increasing consumer prices，which will lower Argentina’s growth expectations in 2023. Argentina’s poverty reduction reverses as a result of moderate recovery and rising prices，with the poverty rising and extreme poverty falling slightly. The labor market has recovered its dynamism，with unemployment continuing to fall and employment rising to its highest level since 2016，but under employment remains relatively prominent. In terms of foreign relations，Argentina continues its well-balanced，pluralistic and pragmatic diplomacy，maintaining traditional friendly relations with U.S.A. and other main Western countries while working to strengthen the unity and solidarity of left-wing countries of Latin America and the Caribbean，reactivating its strategic partnership with Brazil and jointly promoting the regional integration process. Outside the Western Hemisphere，Argentina has taken advantage of the 50th anniversary of its diplomatic relations with China to strengthen strategic cooperation and promote bilateral relations to a new higher level.