Argentines headed to the polls on Sunday for midterm elections that will establish the power balance in Congress, with the ruling Peronist party battling to avoid damaging losses that could erase its majority in the Senate held for almost 40 years.
The vote sees half the seats in the lower Chamber of Deputies up for grabs and a third in the Senate, with voters focused on rampant inflation running above 50% and high poverty levels arising from the COVID-19 pandemic.as it looks to reverse a crushing defeat in a September primary ballot, that if repeated could hobble the ruling party in the next two years.
"Fernandez would have to conduct the second half of his term with little political power, as a part of coalition full of internal grievances and with a pile of economic problems to fix, starting with inflation," said Ignacio Labaui, Argentina analyst at New York-based consultancy Medley Global Advisors.
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