(Photo: Natacha Pisarenko AP)
Judging from the better-than-expected performance of President Mauricio Macri’s party in the Aug. 13 primary elections and from what the country’s leader told me in an interview, I’m feeling moderately optimistic about Argentina.
Macri, a center-right president, won most major provinces in the Aug. 13 primary for congressional candidates, which are widely seen as a preview what may happen in key congressional elections scheduled for Oct. 22.
If Macri’s Cambiemos party wins in October, it would increase its minority bloc in Congress, and allow it to pass important economic reforms with the support of moderate opposition legislators.
More importantly, a Macri win in October would help dispel widespread business fears of a political comeback by former populist President Cristina Fernandez de Kirchner. Such fears have been holding back investments, and contributing to Argentina’s slower than anticipated growth since Macri took office in 2015.
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Etiquetas: argentina, Macri, populism
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