Posted 10/23/2023, 3:16:36 AM
Peronists Take Lead in Argentina Primary, Tempering Fears of Radical Policy Shifts
- Ruling Peronists led by Massa won first place ahead of libertarian Milei, calming market fears
- Analysts say result eases concerns about radical policy shifts like dollarization
- Still economic uncertainty with recession looming and polarized runoff vote ahead
- Peso volatility and bond selling expected to ease with reduced chances of disorderly dollarization
- Conservative Bullrich's loss and close Massa-Milei race mean continued uncertainty about economic policies
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