ARGENTINA: Concerns over business climate to persist


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The announcement this week by the Chilean department store chain Falabella that it intends to withdraw from Argentina highlights a series of issues that foreign companies face in the local market. The Covid-19 crisis is clearly a contributing factor in Falabella and other companies’ moves to reduce their local footprint or withdraw entirely from the country. However, the reality is that regulatory and legal uncertainty has increased markedly in recent months, exacerbating an already-complex operating environment. The difficult economic outlook, combined with government interventionism, sugge
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🔶 En septiembre aceleró el gasto primario (71.6% a/a vs 56.9% en ago), impulsado por fuertes subas en subsidios económicos (224.7% a/a)
🔶Ingresos avanzaron 34.3% a/a, aún debajo de la inflación
🔶El déficit primario acumulado alcanzó 4.9% del PBI


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