Bloomberg
Chanting “Yes, we can!†along with thousands of supporters, Argentine President Mauricio Macri pledged to lift salaries and economic growth as he began a final bid to come back in the polls ahead of a presidential vote next month where his chances of victory have been largely written off.
“This election can be turned around,†Macri told the crowd gathered in the Belgrano neighbourhood of Buenos Aires. The rally marked the start of a national campaign tour ahead of the October 27 vote.
Macri alluded to the pain suffered by Argentina’s middle class from austerity measures he implemented to secure a credit line with International Monetary Fund (IMF). He called for continued support for pro-market reforms and promised to bring economic growth and higher salaries to the country.
Macri suffered a stunning defeat in primary elections in August from leftist candidate Alberto Fernandez, whose surge in the polls sparked a sell-off of Argentine bonds and the peso, on concerns that a populist turn could unwind economic reforms and push the country towards default.
At a campaign event in the northwestern city of Salta on the same day, Fernandez blamed Macri for sinking the country into a recession.