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Fernandez Wins in Argentina as Voters Rebuff Macri’s Austerity

  • President Macri narrowed voter gap from a poor August primary
  • Fernandez faces task of pulling economy out of long slump
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Argentina's Fernandez Faces Dire Economic Situation, BlackRock Says
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President-elect Alberto Fernandez will discuss the transition of power in Argentina with the defeated incumbent, Mauricio Macri, after an election in which voters opted for left-wing populism over pro-market policies to combat the country’s economic crisis.

Fernandez, a political insider who has never held national office, is due to meet with Macri first thing Monday morning after sweeping to power in Sunday’s presidential election with 48% of the vote to Macri’s 40%, enough to avoid a runoff.