Argentina's peso weakened at the open on Wednesday after President Mauricio...
BUENOS AIRES - Argentina’s peso weakened at the open on Wednesday after President Mauricio Macri said he would cut income taxes for workers and boost subsidies for social services following two days of economic turmoil triggered by an election upset by opposition candidate Alberto Fernandez.
The landslide victory by Fernandez in Sunday’s primary election dealt a severe blow to Macri’s re-election chances and roiled financial markets on fears that Argentina could revert to interventionist economic policies of the former government. “These are measures that will bring relief to 17 million workers and their families,” Macri said, adding he was willing to meet with the opposition.
Fernandez, who has former President Cristina Fernandez as his running mate, led in the primary with a wider-than-expected 15-percentage-point margin ahead of Macri, a free-market proponent. A scion of one of Argentina’s wealthiest families, Macri came to power in 2015 on promises to kick-start Latin America’s third-largest economy via a liberalization wave. But the promised recovery has not materialized and Argentina is in recession with inflation running at 55% on an annual basis.
Brasil Últimas Notícias, Brasil Manchetes
Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.
Macri vows to win second term after Argentine peso crashes on primary resultsSqueezed by an economic crisis in Argentina, voters turned to President Macri’s opponent in Sunday's primary elections
Consulte Mais informação »
Brazil's Bolsonaro warns of Argentine refugee crisis if Macri losesRight-wing Brazilian President Jair Bolsonaro warned on Monday that his country ...
Consulte Mais informação »
Macri predicts worse to come as Argentine peso, stock exchange plungeMarkets panicked as the peso closed at 57.30 to the dollar, a drop of 18.76 per cent from its Friday closing figure, while the Merval index crashed 38 percent by close.
Consulte Mais informação »
Argentine peso plunges again in wake of Macri primary upsetArgentina's peso dropped again on Tuesday as market turmoil spilled into a ...
Consulte Mais informação »
In Argentina, A Totally Disastrous Weekend For Mauricio MacriArgentina's peso tanks 22% as it looks apparent that the IMF's man, Macri, is a goner in October. Default risks rising.
Consulte Mais informação »
In Argentina, A Totally Disastrous Weekend For Mauricio MacriArgentina's peso tanks 22% as it looks apparent that the IMF's man, Macri, is a goner in October. Default risks rising.
Consulte Mais informação »