November 9, 2015
Argentina’s first round of presidential elections in October surprised everyone with the weight of support for opposition candidate Mauricio Macri. Opinion polls had indicated he would place much further behind the government-backed candidate Daniel Scioli than resulted on the day. Indeed, with the numbers from the first round almost neck and neck, in late October the race appeared to be anyone’s for the winning. But already the weight of the bid for an end to the status quo in Argentina seemed heavy. Macri, who has positioned himself as the candidate for change, wound up with 34% of votes, against Scioli’s 37%. But factor in support for Sergio Massa, another proponent for change —
For Argentine companies and international investors, the potential upsides to a win for Macri are huge.