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Stakes in Argentina’s election couldn’t be higher

Argentines face the choice between a shock-therapy style approach to tackling the country’s economic issues or more of the same unorthodox policymaking when they head to the polls in Sunday’s presidential election. The latest polls suggest that, while far-right candidate Milei is ahead, the vote is likely to go to a run-off in November. Our working assumption is an opposition victory and a shift towards more market friendly policymaking although, were Milei to win, we doubt that some of his most radical proposals such as dollarisation would see the light of day.

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