Argentina

Argentina’s economy is a mosaic of huge potentials overshadowed by formidable challenges. Despite its rich natural resources and highly literate population, this nation of about 47 million also has a history of deep economic crises marked by high fiscal deficits and inflation. Local and foreign investors are deterred by elevated tax burdens, rigid labor laws and heavy state involvement in the economy. Political instability, corruption and lack of judicial independence further discourage business initiatives.

Yet, Argentina also boasts unique strengths. These include a large domestic market, some of the world’s largest reserves of lithium and shale oil and gas, as well as abundant solar and wind energy resources. Additionally, its diverse workforce is more educated and skilled than the national average.  Harnessing such abundant natural and human capital resources will remain contingent on Argentina’s ability to implement essential growth-driven policies, and to reduce its fiscal deficit and reliance on IMF financing.