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Argentine President Macri to Seek Re-Election Amid Recession

  • Macri retains about a third of voter approval in a tight race
  • He seeks a second term against a challenging backdrop
Mauricio Macri
Mauricio MacriPhotographer: Christopher Goodney/Bloomberg

Argentine President Mauricio Macri will seek re-election for a second term this October, according to a spokeswoman from his office.

Macri will embark on a challenging campaign set against the backdrop of recessions in three out of his four years in office, inflation last year near 50 percent and rising poverty. Still, he’s retained about a third of voter approval in polls, while his most likely opponent, Cristina Fernandez de Kirchner, has roughly the same level of support.