Argentina Update: Post-Primaries Bullishness
In our previous post on Argentina , we noted that the news around former President Cristina Kirchner in June increased the focus on the October midterm elections. With that kind of hype around the midterms, the primary elections, Primarias Abiertas Simultáneas y Obligatorias (PASO), conducted last month likewise received major attention.
The primaries served as a much-anticipated opportunity to get a real read both on the level of support for Kirchner and on the country’s assessment of Macri’s economic reforms—and the results were promising on both fronts.
Investors in the region can breathe a sigh of relief, as the primaries solidified the position of the current administration going into the October elections. These better-than-expected results were a clear indication of the population's support of President Mauricio Macri and his pro-growth reforms.
The following commentary provides an overview of the recent elections, exploring the results’ impact on the current administration’s momentum and Highland’s investment strategy in the region.
Click on the map below for election highlights or scroll down to view/download the full PDF to read about the investment implications.
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