The larger-than-expected victory for Argentina’s President Milei in Sunday’s mid-term elections has sparked a rally in Argentinian financial markets. Our initial response to the election can be found here and we discussed the implications of the elections in an online briefing earlier (listen to the on-demand recording here). This Update answers some of the key questions that came up, including what lies in store for the peso and the key challenges that Milei now faces.
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