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BLOOMBERG
Argentina’s presidential election is increasingly poised to usher in a pro-market government after the ruling bloc coalesced around centrist Economy Minister Sergio Massa.
Markets in Argentina may rally after Massa announced his run, analysts said, fuelled by optimism that economic policy will eventually move in a new direction after four years of byzantine measures that have left the country in dire financial straits.
How far and fast Argentina might move to the right remains a question in a wide-open election on October 22.
The shift to the right in Argentina comes as a leftist tide has washed over Latin America in recent years.
Widening inequality and social discontent during the Covid pandemic pushed voters in Colombia, Chile, Peru and Brazil to elect leftist presidents. Argentines have lost confidence in their own populist government after its policies deepened an economic crisis that began in 2018.