Political Uncertainty Is Deepening Argentina’s Economic Crisis

A supporter of Cristina Fernandez and her late husband Nestor Kirchner holds up a flag featuring their portraits during a campaign rally for the leading opposition ticket, in Santa Rosa, Argentina, Oct. 17, 2019. (AP photo by Natacha Pisarenko).
A supporter of Cristina Fernandez and her late husband Nestor Kirchner holds up a flag featuring their portraits during a campaign rally for the leading opposition ticket, in Santa Rosa, Argentina, Oct. 17, 2019. (AP photo by Natacha Pisarenko).
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Argentina will hold a general election Sunday, but a struggling economy means the odds are stacked heavily against incumbent President Mauricio Macri. One out of 10 working-age Argentines are unemployed, and the annual inflation rate stands at more than 50 percent. GDP contracted by 2.5 percent in 2018 and by another 2.5 percent during the first half of this year. Macri’s best hope is to force a runoff, but opposition presidential candidate Alberto Fernandez and his running mate, former President Cristina Fernandez, look likely to win outright in the first round of voting. This is not the first economic crisis […]

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