Argentine President Mauricio Macri said he can still get re-elected in October even after ending a key primary vote more than 15 percentage points behind his main contender.

Sunday¡¯s defeat to opposition candidate Alberto Fernandez is a result of the economic hardship South America¡¯s second-largest country has endured recently, Macri told reporters at the Casa Rosada presidential palace in Buenos Aires. He added that he heard the voters¡¯ message.

¡°We will reverse yesterday¡¯s bad result and we will have a closer election¡± in the Oct. 27 first round, Macri said, flaked by vice presidential candidate Miguel Angel Pichetto.

Macri said his economic advisers are working on all necessary measures to contain a market plunge that caused the peso to lose 15 percent of its value on Monday. He didn¡¯t provide any details on the measures, though. The sell-off is a sample of what Argentines can expect should Fernandez be confirmed as the country¡¯s next president, Macri said, adding he won¡¯t make changes to his Cabinet now.