Analysts at Bank of America Merrill Lynch now believe there is a 50% chance Argentina will default on its sovereign debt next year.
The bank said massive government financial needs of around $30 billion next year, a weak fiscal situation and a lack of market credibility all imply a large probability of default in 2020.
That was roughly 15% more than Macri and his running mate Miguel Angel Pichetto, with analysts saying it proved voters were fed up with austere economic policy. Presidential candidate Alberto Fernandez talks to supporters at the "Frente de Todos" party headquarters during the Simultaneous and Mandatory Open Primaries on August 12, 2019, in Buenos Aires, Argentina.In Argentina, candidates need at least 45% of the vote to win outright in the first round of presidential elections or 40% with a 10% lead over their closest rival.
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