President Mauricio Macri conceded defeat in Argentina's election on Sunday night, paving way for Peronists to return.
"The only thing that concerns us is that Argentines stop suffering once and for all," he told the crowd."We're back, and we're going to be better!"
Authorities said Fernández had 48 percent of the votes, compared to 40.47 percent for Macri, with 95.54 percent of the votes counted. He needs 45 percent support, or 40 percent support with a 10 percentage-point lead, to avoid a runoff on Nov. 24. The result still needed to be confirmed early Monday.Macri was elected in 2015 by promising to jump-start the 's economy.
Sunday's largely peaceful election was dominated by concerns over rising poverty, a sharp depreciation of the currency and one of the world's highest inflation rates. Voters appeared to have rejected austerity measures that Macri insisted were needed to revive the struggling economy. Many Argentines have taken to the streets frustrated with cuts in subsidies that have led to rises in utilities and transportation costs.
"We Argentines deserve a better country, with work, where we can live peacefully, above all," Antonella Bruna, 32, said as she voted at the medical school of the National University of Rosario, about 180 miles northwest of Buenos Aires.
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