President-elect Macri promises to reboot Argentine economy


  • World
  • Tuesday, 24 Nov 2015

Mauricio Macri, presidential candidate of the Cambiemos (Let's Change) coalition, carries his daughter Antonia on his shoulders as he celebrates with supporters after the presidential election in Buenos Aires, Argentina, November 22, 2015. REUTERS/Ivan Alvarado

BUENOS AIRES (Reuters) - President-elect Mauricio Macri promised on Monday to correct the errors of Argentina's outgoing leftist government but urged patience while he defines his strategy to liberalize the ailing economy.

The conservative Macri, who won a run-off presidential vote on Sunday, inherits a fragile economy: slow growth is driven by unsustainable spending, inflation is soaring and capital controls have backfired to leave foreign reserves at nine-year lows.

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