"Javier Milei Emerges as the Leading Contender in Argentina's Presidential Race"

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Source: CNBC
"Javier Milei Emerges as the Leading Contender in Argentina's Presidential Race"
Photo: CNBC
TL;DR Summary

Argentina is gearing up for a wide-open presidential race, with far-right candidate Javier Milei emerging as the frontrunner after a surprise primary win. Milei, a libertarian economist, has proposed dollarizing the economy, abolishing the central bank, and reducing state spending. His main rivals are Economy Minister Sergio Massa and former Security Minister Patricia Bullrich. The upcoming vote is expected to require a second-round run-off next month. The country's economic crisis, marked by high inflation and poverty rates, adds to the uncertainty surrounding the election. Analysts predict a close race, but Milei is favored to win in a head-to-head matchup against Massa.

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