BUENOS AIRES, Oct. 24 -- Argentinians will go to the polls on Sunday in a presidential election that offers a choice between two divergent economic visions.
Saddled with galloping inflation and a battered national currency, the economy has emerged as the election's single biggest issue.
According to official data, inflation is running at 37.7 percent in the country, the debt burden represents 68 percent of gross domestic product (GDP), 35.4 percent of Argentinians live in poverty and the unemployment rate is in the double digits.
The leading candidates propose different strategies to tackle the economic crisis and pay off the national debt while reducing its fiscal deficit.
The opposition Everyone's Front coalition (Frente de Todos) and its progressive candidate Alberto Fernandez easily defeated conservative President Mauricio Macri and his ruling Together for Change (Juntos por el Cambio) party in primary elections on Aug. 11.
The country's foreign reserves subsequently fell by 872 million U.S. dollars a day following the results of the primary elections, and the peso was devalued by nearly 20 percent in August, according to data from the Central Bank of the Republic of Argentina.
Macri wants to continue his government's economic priorities to reduce the deficit, cut public spending, lower taxes and guarantee the independence of the central bank.
He proposes generating more jobs through public works projects, with a focus on combating corruption in this sector.
To stabilize the economy, Macri's government applied and received a loan of 56.3 billion dollars from the International Monetary Fund (IMF).
Fernandez, on the other hand, proposes to offer credit to small and medium-size businesses, as well as to renegotiate the loan agreement with the IMF.
However, the need to keep expanding exports to strengthen the economy is a point on which both candidates agree.
Observers said the structural problems in taxes, labour and pensions confronting Argentina's economy must be addressed no matter who is elected.
湖南省长沙县实验中学2016届高三英语二轮复习书面表达复习重点话题指导专题21 语言学习话题指导(学生版)
圣诞节的黑知识•圣诞节有哪些专属鬼怪?
国际英语资讯:U.S. President-elect Trump suggests openness to arms race
湖南省长沙县实验中学2016届高三英语二轮复习书面表达复习重点话题指导专题17 体育运动话题指导(学生版)
湖南省长沙县实验中学2016届高三英语二轮复习书面表达复习重点话题指导专题20 校园学习话题指导(学生版)
体坛英语资讯:Gabriel: I want to stay at Inter Milan
国内英语资讯:Yearender: Chinese President Xis visit bolsters Bangladesh in myriad ways
湖南省长沙县实验中学2016届高三英语二轮复习书面表达复习重点话题指导专题11 青少年成长话题指导(学生版)
湖南省长沙县实验中学2016届高三英语二轮复习书面表达复习重点话题指导专题13 社会发展类话题指导(学生版)
英语美文:最好的圣诞礼物
湖南省长沙县实验中学2016届高三英语二轮复习书面表达复习重点话题指导专题19 文学艺术话题指导(学生版)
湖南省长沙县实验中学2016届高三英语二轮复习书面表达复习重点话题指导专题16 素质教育话题指导(学生版)
国内英语资讯:Economists upbeat about Chinas Q4 growth
山东省济宁市2016年高考英语复习:时间与原因状语从句基础题
湖南省长沙县实验中学2016届高三英语二轮复习书面表达复习重点话题指导专题05 环境保护话题指导(学生版)
山东省济宁市2016年高考英语复习:条件状语从句(含解析)
湖南省长沙县实验中学2016届高三英语二轮复习书面表达复习重点话题指导专题03 辩论对比话题指导(学生版)
大象的智商原来这么高!简直就差讲人话了!
山东省济宁市2016年高考英语复习:高中英语语法大全TXT版
山东省济宁市2016年高考英语复习:高中英语语法主语从句讲解及练习
山东省济宁市2016年高考英语复习:高一英语语法归纳总结
湖南省长沙县实验中学2016届高三英语二轮复习书面表达复习重点话题指导专题10 旅游探险类话题指导(学生版)
山东省济宁市2016年高考英语复习:目的、结果状语从句
湖南省长沙县实验中学2016届高三英语二轮复习书面表达复习重点话题指导专题09 科技发明话题指导(学生版)
湖南省长沙县实验中学2016届高三英语二轮复习书面表达复习重点话题指导专题02 报道评论话题指导(学生版)
扎克伯格展示人工智能管家贾维斯
The dove
iPhone的18个秘密功能!老公老公你别跑?
国内英语资讯:Officials pledge better work, traffic safety
湖南省长沙县实验中学2016届高三英语二轮复习书面表达复习重点话题指导专题15 生活习惯话题指导(学生版)