Argentines head to the polls on Sunday, after a year of twists and turns in a dr...
BUENOS AIRES - Argentines head to the polls on Sunday, after a year of twists and turns in a dramatic election race that has been chastening for conservative President Mauricio Macri, who trails well behind Peronist rival Alberto Fernandez in the polls.
Argentina’s choice could have far-reaching implications: it is one the world’s top grain exporters, is stirring the energy world with its huge Vaca Muerta shale field and is on the cusp of restructuring talks with creditors over $100 billion in debt. The economy has come center stage with the country in the grip of recession for most of the last year, the outlook for growth darkening, annual inflation over 50%, job numbers down and poverty up sharply. [nL2N27B029]
The conservative incumbent won backers with plans to reform Argentina’s notoriously closed economy with trade deals and a successful push to lure foreign investment into energy projects and infrastructure. Fernandez, running with populist ex-President Cristina Fernandez de Kirchner, won the primary by almost 16 points, a feat which if repeated on Sunday would hand him the presidency outright, without needing a second round run-off.
Fernández, a former Cabinet chief, is seen as a moderate within the broad Peronist flank whose diplomacy skills have helped unite what was a fractured movement. [nL3N2794NC]
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