Another Power Shift Looms in Latin America
- Polls show opposition candidate ahead of ruling party’s pick
- Next president will inherit high deficit, sluggish economy
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Uruguayans will elect their president Sunday with polls suggesting the center-right National Party is on course to end 15 years of left-wing rule in yet another power shift in Latin America.
Ex-senator Luis Lacalle Pou, the son of a former president, is currently favorite to become Uruguay’s next leader. A career politician with almost two decades in Congress, and a failed bid for the presidency in 2014, Lacalle Pou has made restoring investor confidence via spending cuts a key policy proposal. Advisers to the opposition candidate promise to reduce wasteful spending by $900 million in 2020 alone.