04-2020 Latin American Economy & Business Report
Economy & Business Report
Fiscal austerity out the window – for now
With 97% of the votes counted, Scioli won 36.86%, narrowly ahead of Macri, on 34.33%. Sergio Massa, from the dissident Peronist grouping, Una Nueva Alternativa (UNA) came third with 21.34%. With outgoing President Cristina Fernández’s approval ratings still relatively high, at around 40%, the election was a serious, and unexpected, disappointment for Kirchneristas. While the results were greeted with near silence in Scioli’s camp, Macri’s supporters were jubilant. "What happened today will change politics in this country," Macri told the crowd outside his campaign headquarters.
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