E2Argentina: Economic and political outline Economic Outine Economic Overview ‘For the atest uptes on the key economic responses from goverment adress the econamic impact ofthe COMD-18 pandemic please consult the i's poly tactng platform Pole Responses te COVD-18 Argentina has lang history of pail nd economic instability “wit sigfcant growth Fluuatans avery yer In 202, te county haan testmated growth in? of, my eriven by private consumption ad the recovery of sectors rat were prevosly affected by tre pence However, south America’s secandlargst economy is expected to grew a: saw ace coming years, wit the IM peeing a GOP growth of 2% for 2023 and 2024 3¢ monetary ghtening 876 pre pressures sre expected to eae abour mares Ang priate consumption Since 195, tgentna has spent 33% ofthe tn in recession, secondin the werd Behind the Demat Repubi af Congo, accrcing tothe Wort Bank The country’s structural high infiationinceared in 2622 and hit an estimated 724%, aeading tothe MF as age share of he facl dic ‘rar maneste andl he Peso depecaesae ares! the overran’ lack a a elo econemie pan order eur ivationty presses, the [government ha mplemented ne erency exchange ates tote mare than 10 tae already extn genta, Acorcing tote IM, geerak. ‘governmens balance in fegetina represented an existed 8 of GDP while pubic debt enced 76 in 2022 urtermae, he country aa Bee> ‘asin progress ne USEH0 ison debt renegettion wit he, and reached an agreementin 2022 he such, he county i expected to canenve tit path fo frther reduce macroeconomic mbalance and retare fica ores nthe coming years. Although the pandemvehassgneaty Impacted he Argetine economy, the cvrety hae been recovering, wth the goverhivenkmiglementing meazurs to counteract the ecanamic cre resulting rome 2022, the unempiaymentrate in Argentina elt an estimates 68%, consistent with he economic recovery the coun experienced, and itis ‘expecedt eran unchanged in 2023 an 2028 However eventhough formal employment has been ng high eur infra remains = Concern nthe county The Argentine government has feed cles infighting highest f poverty whch affects mare tran 40% othe population andthe soca station ofthe county s characterised by constant underyng tensions betvee the Government ane ace UNONS Be {hereforms announced The county s ase salt between central ane deanalsecasthartes ove! te dstibuton 9 Fecal revenues Invasruture net wore require more investments accesso etry and water Inrra areas sn avays ensure, ana 2 zi mae | a UD? peor) suo0s | W570) azz | sal ESH GO frst ies mal Ce 32 | a 32 a 20 DP per Casta 0) usm | os | tess | var | 13520 General Gvernrer lance io co) sa | 35 a2 37 35 Geretal Gaver Gress DoS in 7) ims | 809 a 753 Be latina ao | wa ma 388 or Une EYE Ra osu Fo) ms | es 70 7 7a Cunert count puns 2) ao | em | am ea 527 Cunert count ix econ os ue oF 76 oa Note) stnated cts Main Sectors of Industry Despite ecenteconomic struggles, egetina contest play an imparant role within the slabaleconamy,especally with regardsto Rs agit reduction he seor's many base an|vestock arming, cereal culation (when, crn ane transgenic 9, cs ruts, Obata ne grapes mostly forthe productan of win) Argentinals the worlds largest exporter of soy-cervea procucs ane the werls tre largest, Prodicero such products. Sey and sugarcane are excenswveyctvated for be fue production Asa esl the county the wore gest epoca ane sb gest pocuca of boise. The ag ula sett represents 71% ofthe eauntsy/s CDR, but al emplays 0.10! the population according he Wid Bark Adlon, ven tha he county eh here tesutes Aigetin umes «eat peleniInterms ff aw materials: iste fourth largest natural gas procucrin Ltn Ameria an they have the word’ Ue largest hale gas reserve andthe Fourth gest ihium reserve Agiearal expats aes key sure of revenue fr argentina especial asthe county leaves a feesion at Nat been exacerbated bythe pandemie However, 2022, Augen experienced te west ought decodes, whieh ignieanly impacted te couteys wheat ar, andsey ep ‘Theingustal sectorhas vastly enpanded in ecet years. coring tothe laces deta fom the Wold Sank, te sector represents 75.6% of COP ane ‘employs 21.8% the population. Fee precesing and pacaging =n arcu meat pang lau g"ncng ane Canning ad luring are the County's ain ndastes The neustal sect’ alse cemansvatessUength io ata vences and ale pfs, consumer Guabes, esis, chemicals © aane petrochemicals, pharmacesticals printing, metalrgy and tel. indi and farm machine sectronice anhome applances. sa ery im argencine onanue experience growth in 2022 registering @steacy recovery Hom the impacts othe panderve, The sence sectors the ages cortibutr =a GOP, accounting for52 5%, an templys 78.1% a the ative workforce. Argentina as specialised in seas of hgh serves and sight eompettivein softwere cevlapmen,calleries, nla! energy and tourism. Theteleghane one TC Sectors ate so deveoping dynamical 2s wel oust whieh sncreasingly Becoming an pertant scar In 202, tourism expeenced @ Slgniean gronth es the deprecatan a the Paso made the county ah atvacive destination oer Wika Asa rel the numberof OSS In argentina bounces back to pre pancemic lees n 2022 aid iy By a Tras 3s Eppley By Secor foot uatonsiomerd or 7 7a [Value Adc in #799) 7A Ba BS "value Ae on ge or 153) 30 Source avid an. atest dtaavatabe Find more information about your Business sector on our service Market Reports, Indicator of Economic Freedom Business environment ronking ection sare somo Werte ale nine Svc: he easamistinaligene Unt Busnes: atanment fankings 20202024 Country Risk ‘eet county sk analy provide by Cota, Sources of General Economic Information ie tat a int abun pane epun ait af eons nia Fovig as,raloa Tadeand a stots ore Natori tas nd Census ISL caneark (cot tskot the grin tee stoceBeharge uens Ares ac rhage Bale cs Cone de Buenas er sr Resouces ‘saetin a imprison Farr the Ageing ene AEA) Main orrenenscapers ccromieFerate 26Poitical Outing ‘rer Pliers Noten ates curert Patil cert ain peiveatPartes pects Dente Poner legitivePoner Present Aer Finder sine 1 December 2019 the presents bath chi of sae ached of goverment {apt teat ane harerf Deuter 2028 resent Ara rminder. wha kai nDecene 202, was sed an pledges ta rearethe Agen Pancemc anata setacs the reopening procs sued nage lin papa 200 te dere ‘cer Ara rede ate legit eletns hh tak place mNovrber 67%, agers ang ean ay Saovtscaree conten ses aay Congress fa ee Mstzne mabye 40 Yeasn Mach 222 he CnGes ‘prom USD 45 bon ae arena I However the Mita papulrinttutan arg Agere, Uhedeatcn uth’ decease te prose’ popliy Neve theless deat prvi estas wih legend ‘tate te atactnewesinent ie deng with Argel eb peble nd aeesing athens sth ination prey, ard employment. thermore, ariteetweenemaner we cet ba ded tthe ys inplarentan agreemers wen he Me tharequredaconedeaberecutan a he cfc and eter conte move sip bye cetal bank aes cepa, Seige Wasa bec isto the anor, rduton great, we hs ya fcisbeing eto he county gan ay reducing pile speneng ane Deesng wry Fn ee ads ceaan whch anette anon of alparte a cant tan a ng ter inert, sol erecacy, emetic sce, ane progres Tagen a chege 3 Tomer ann 5 Canbeas. Cee eo cee gt, Di tet eatin Lda, Few Consensus Conse Federal ete pile ato, eee pros, ane pages eke Lt rn: fre aliane,elaiealycestes wth oukyom ance eecom iezsUbetae entre igh ceaan earamie bra athlete We (NOS Fgh colton Cathal ras, ancervatamih-ving pop genta ina fees representave race repabie ‘ctv poe sei the Presidente the get alin as ish sparsity a espanol Aeguntna he 23 prone and ane atone eer eet ae sins ame pes that at Te gate somes byte Damett National Congres [anes Nora Te haber of Depts the leet houses eampse of 257 members, wen ae lee oy ms by rece sage. wha? ovemenbesip renewed evey te ets The Sete pe Hoses omatsed of T2 embed losinjeoriers by cre uieslsurage-wth ane e menoer eee) yee, Indicator of Freedom ofthe Press kane conieo Indicotor of Political Freedom, fenkng fee Poli reco a users a Polat ed nthe wold teat al Souee Latdan isthe Waa Beast eee House aaCovID-18 county Response como-sepierc nison Stary mess Tovelesiicrs Inert Secartresiens cremicrecvery plan Sucpertlr fr suseses surpersle recone progrecea te pienicin Agena econaidnee byte ncn a eas fn Spaneh) The minty prove» hy Sidemooge update woh nus Hey nana gues. 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