• Argentinians voted after economic unrest with libertarians slightly preferred.
• Sergio Massa faced off against radical libertarian outsider Javier Milei in the election.
• This resonated with frustrated voters but raised concerns about potential austerity.

Argentina witnessed a closely contested presidential runoff as voters expressed discontent over triple-digit inflation and rising poverty.

Peronist Economy Minister Sergio Massa, managing the country through its severe economic crisis, faced off against radical libertarian outsider Javier Milei in the election.

Milei proposed economic shock therapy, advocating measures like shutting down the central bank, abandoning the peso, and implementing significant spending cuts.

This resonated with frustrated voters but raised concerns about potential austerity. Many saw the election as choosing the “lesser evil” between Milei’s economic remedies and anger at Massa for the ongoing crisis.

The outcome will reshape Argentina’s political landscape, economic trajectory, and trade relations, with the potential for significant transformations.

Milei held a marginal lead in polls, but Massa, using tax cuts and highlighting Milei’s radical proposals, regained support. Voter frustration, driven by the enduring crisis, may prove decisive.

The election also marked the unexpected rise of Milei, a former TV pundit, fueled by disenchantment with traditional parties.

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