Argentine President Mauricio Macri conceded defeat in Sunday's presidential election, congratulating rival Alberto Fernandez on winning the election.
Argentine President Mauricio Macri's performance this Sunday following the trashing defeat he suffered last August during the PASO primaries (48% to 32%), was in effect quite surprising. He managed to recover eight points and cut the difference from 16 to eight points, 48% to 41%, besides winning in the main electoral districts of Argentina except for the always decisive Buenos Aires province.
On Sunday 33.8 million Argentines will vote for a president, for the renewal of the 130 members of the Lower House and a third of the Senate, 24 out of 72. But results should come as no surprise since a majority of the Argentine electorate has zapped to an old déjà vu show, fed up with president Mauricio Macri and his pro-business policies.
Argentines head to the polls on Sunday with the Peronist opposition strong favourites to take back the presidency from business-friendly reformer Mauricio Macri, who has been stung by a tumbling economy and financial crises.
A possible victory of opposition candidate Alberto Fernández in Argentina's presidential election on Sunday could put the Mercosur trade bloc at risk, Brazil's right-wing president, Jair Bolsonaro, said on Wednesday.
Argentine markets are set for another bout of nerves after the country holds a presidential election on Sunday, likely to confirm defeat for business-friendly President Mauricio Macri.
Argentine central bank international reserves stand at US$ 46.885 million following on Monday's rescue of different maturing bonds and support in the local market to help stabilize the price of the US dollar. This demanded some US$ 600 million.
Argentine president Mauricio Macri and the leading opposition candidate Alberto Fernandez exchanged blows and strong accusations during the second and last debate before next Sunday's election
With less than ten days for the Argentine presidential election, the catch-all Peronist movement that has dominated the country's political scene for decades managed a family picture with all groupings united in support of the presidential ticket headed by Alberto Fernandez and ex-president Cristina Fernandez de Kirchner.
The International Monetary Fund will stand by Argentina as it works through its economic crisis, Managing Director Kristalina Georgieva said on Thursday. She added that the Fund was waiting to see the future policy framework adopted by Argentina, which holds an election later this month in which a change of government is widely predicted.