But instead of “normalising” the economy Macri has overseen its latest descent into crisis. With his bold ambitions lying around him in ruins, his defeat in Sunday’s presidential election was all but inevitable. One of Macri’s strategic errors was not moving faster and more aggressively to reform the economy. The speed with which Macri’s political project unravelled is also an example of what can happen when new actors from outside traditional political structures face headwinds. He won 48 per cent of the votes in Sunday’s election, compared to 40.5 per cent for Macri.

Source: The Irish Times October 28, 2019 19:30 UTC