Argentina’s Centre-left party returns to power


Argentina’s Peronist candidate, Alberto Fernandez, is back in power after winning the presidential election on Sunday. 

Fernandez ousted conservative president Mauricio Macri in an election result that shifts Latin America’s No. 3 economy firmly back toward the left after it was battered by economic crisis. 

The 60-year-old law professor, had 47.79% per cent of the votes ahead of Macri’s 40.71%, with more than 90% of ballots counted, putting the center-left challenger over the 45% threshold to avoid a runoff and win the election outright. 

Speaking at his election party, Macri congratulated Fernandez.  

He said he had invited Fernandez to the presidential palace on Monday to discuss an orderly transition, seen as essential for Argentina’s shaky economy and markets. 

Fernandez, speaking afterward alongside running mate Cristina Fernandez de Kirchner, said he would meet Macri and collaborate with the outgoing leader “in any way we can”. 

“The times ahead are not easy,” he said to cheering supporters at his election party. “But of course we will collaborate in everything we can, because the only thing that concerns us is that Argentines stop suffering once and for all.” 

Fernandez earlier vowed to end the polarization which has long divided Argentine politics between his Peronist movement and supporters of the business-friendly incumbent. 

The rate of poverty in Argentina has risen to over 35 percent, inflation for the year to September was at almost 38 percent, while the peso has depreciated 70 percent since January 2018. 

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