04-2020 Latin American Economy & Business Report
Economy & Business Report
Fiscal austerity out the window – for now
Macri overcame historical precedent. It is the first time that a centre-right candidate has triumphed in Argentina; other than hiatuses under military rule, Peronists and Radicals have governed for most of the last century. Kirchnerismo (2003-2015) held sway for longer than any political dynasty in Argentina since 1853. While the Unión Cívica Radical (UCR) forms a key part of Macri’s Cambiemos coalition, providing him with the national presence that he lacked, the senior partner will be his Propuesta Republicana (PRO) party, formed only a decade ago.
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