Argentina's presidential poll sees right-wing candidate Milei emerge as the victor

Javier Milei, a right-wing libertarian outsider, has emerged as the winner of Argentina's presidential run-off election, as per initial results. Sergio Massa, the economy minister and Milei's rival, conceded defeat by calling him. The election took place during a challenging period for Argentina, with skyrocketing inflation and an ailing economy impacting the voters' decisions. Milei's outspoken proposals, such as the detonation of the central bank, resonated with the electorate who were eager for change. Surprisingly, Milei easily defeated the candidate from the ruling Peronist party, surpassing expectations by a margin of over ten points in provisional results. With nearly 90% of the votes counted, Milei secured nearly 56% of the vote against Sergio Massa's 44%. Massa expressed his recognition of Milei's victory and stated that the responsibility of providing certainty to the nation now falls upon Milei. Despite being compared to former leaders Donald Trump and Jair Bolsonaro, Milei is relatively untested in politics, but this seemed to contribute to his appeal. While his supporters applauded his idea of adopting the US dollar as Argentina's official currency, many economists warned of potential financial disaster. However, with annual inflation now exceeding 140% and a significant portion of the population living in poverty, Milei's win highlights the Argentine people's discontent with conventional politics and their desire for economic improvement. This is a developing news story, and more details will be shared shortly.