As Argentina election nears, are the economic stars aligning for Macri?


  • World
  • Monday, 15 Jul 2019

FILE PHOTO: Argentina's President Mauricio Macri (3rd L), who is running for reelection, and his running mate for vice president Miguel Angel Pichetto (4th L) share the stage with others, in Cordoba, Argentina July 12, 2019. Guido Martini/Argentina Presidency/Handout via REUTERS

BUENOS AIRES (Reuters) - Argentine President Mauricio Macri is making an election race comeback, bolstered by a stronger peso and glimmers of economic revival as the South American nation looks to escape from a biting recession.

That had looked unlikely a few months ago with the peso at record lows, bonds yields spiking and inflation out of control, hurting the centre-right leader ahead of October elections seen as a referendum on his austerity economics.

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