Uncertainty remains Argentina with the confirmation that there will be, on November 19, a runoff between the Minister of Economy and the official candidate, Sergio Massaand the libertarian representative Javier Milei.
“The runoff that is now proposed between Massa and Milei will probably be an even scenario in political terms because the bulk of the votes of Patricia Bullrich it’s a vote antikirchnerist and that in some way it can help him (Milei) to discount the 7 points of difference,” he evaluated in dialogue with Ambit the president of Center for Development Studies (CED), Hernan Bonilla.
With 98.51% of the tables scrutinized, Sergio Massa obtained first place in the general elections on Sunday with 36.68%, while Javier Milei did not show growth in relation to the flow of support from the PASSED August and remained at 29.98%. The applicant for Together for Change came third with 23.83%.
“I imagine an even scenario, but in Argentina “A month is a long time and it will also depend on the campaigns, the emphasis, the agreements,” said Bonilla, who was surprised by the result because no opinion poll anticipated it.
What to expect from the Argentine economy and its effect on Uruguay?
Asked about how they will live in Argentina In the coming weeks until the new government takes office on December 10, Bonilla stated that “macro instability will continue and inflation will probably accelerate.” “We have to see if the government between now and the runoff controls the exchange rate. He has already intervened Dolar blue and has taken on new debt,” he added.
In this regard, the president of the CED highlighted the particularity that Sergio Massa is Minister of Economy while competing for the Presidency and considered that he will probably continue applying what he called the “arrival plan”: “the plan to reach the election with the least amount of shocks possible, beyond the inflation that does not achieve check”. “We have to see if he succeeds, there may be some economic shock between now and the election,” he added.
“Whoever wins, the medium-term outlook is very complex for Argentina”, he stated. “Luckily today Uruguay is uncoupled to Argentina in several aspects, in the financial sector, in terms of exports of goods. But in tourism it is going to affect us because between now and summer we are not going to have good news about Argentinathe deterioration that has occurred in recent years is going to continue,” he concluded.
Source: Ambito
